Fair Isaac (NYSE:FICO) Shares Gap Down on Analyst Downgrade

Fair Isaac Corporation (NYSE:FICO) gapped down prior to trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $1,530.00 to $900.00. The stock had previously closed at $815.31, but opened at $749.65. JPMorgan Chase & Co. currently has a neutral rating on the stock. Fair Isaac shares last traded at $757.7590, with a volume of 116,366 shares trading hands.

FICO has been the topic of a number of other reports. Royal Bank Of Canada decreased their target price on Fair Isaac from $1,525.00 to $1,045.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. The Goldman Sachs Group set a $1,322.00 price target on Fair Isaac in a research report on Tuesday, September 29th. Weiss Ratings downgraded Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Credit Suisse Group set a $1,150.00 price target on Fair Isaac in a research note on Wednesday, September 30th. Finally, UBS Group reiterated a “neutral” rating and issued a $942.00 price objective on shares of Fair Isaac in a research report on Monday. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,014.00.

Insider Buying and Selling at Fair Isaac

In related news, Director Eva Manolis sold 967 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the transaction, the director owned 498 shares of the company’s stock, valued at approximately $697,200. This represents a 66.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Fair Isaac

Several hedge funds and other institutional investors have recently bought and sold shares of FICO. T3 Companies LLC purchased a new position in shares of Fair Isaac during the 3rd quarter worth $1,426,000. Titan Investment Management LLC purchased a new stake in shares of Fair Isaac in the third quarter valued at $1,093,000. SBI Securities Co. Ltd. grew its position in shares of Fair Isaac by 28.5% in the third quarter. SBI Securities Co. Ltd. now owns 167 shares of the technology company’s stock valued at $99,000 after purchasing an additional 37 shares during the period. Sage Private Wealth Group LLC purchased a new stake in shares of Fair Isaac in the third quarter valued at $316,000. Finally, Crossmark Global Holdings Inc. increased its stake in Fair Isaac by 2.9% in the third quarter. Crossmark Global Holdings Inc. now owns 577 shares of the technology company’s stock valued at $342,000 after purchasing an additional 16 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Down 9.0%

The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The company has a 50 day moving average of $909.16 and a 200 day moving average of $1,065.05.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.76 by $0.42. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%. The firm had revenue of $674.19 million for the quarter, compared to analyst estimates of $679.17 million. During the same period last year, the company earned $8.57 EPS. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, research analysts forecast that Fair Isaac Corporation will post 36.81 earnings per share for the current fiscal year.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, develops analytics and decision-management software used by businesses to assess risk, detect fraud and make customer-related decisions. The company is best known for the FICO Score, a credit-risk scoring system used by lenders and other financial institutions to evaluate consumer creditworthiness.

FICO’s offerings include credit scoring solutions, decisioning platforms, fraud-detection tools, customer management software and predictive analytics.