Shares of Fair Isaac Corporation (NYSE:FICO – Get Free Report) were up 5.6% during mid-day trading on Wednesday . The stock traded as high as $994.50 and last traded at $985.7680. 528,183 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 347,832 shares. The stock had previously closed at $933.30.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on FICO shares. Wall Street Zen lowered shares of Fair Isaac from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,650.00 price target on shares of Fair Isaac in a report on Thursday, July 30th. UBS Group lowered their price objective on Fair Isaac from $1,200.00 to $1,130.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Wells Fargo & Company boosted their price target on shares of Fair Isaac from $1,400.00 to $1,450.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Barclays dropped their target price on Fair Isaac from $1,950.00 to $1,700.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,553.69.
Check Out Our Latest Analysis on FICO
Fair Isaac Trading Up 4.4%
Fair Isaac (NYSE:FICO – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $12.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.76 by $0.42. The company had revenue of $674.19 million during the quarter, compared to analysts’ expectations of $679.17 million. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. The firm’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Equities analysts forecast that Fair Isaac Corporation will post 37.37 EPS for the current year.
Insider Activity
In other Fair Isaac news, Director Eva Manolis sold 967 shares of Fair Isaac stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the sale, the director directly owned 498 shares of the company’s stock, valued at approximately $697,200. The trade was a 66.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System lifted its stake in shares of Fair Isaac by 115,419.1% in the second quarter. California State Teachers Retirement System now owns 40,371,616 shares of the technology company’s stock worth $48,235,199,000 after buying an additional 40,336,668 shares in the last quarter. XXEC Inc. bought a new position in shares of Fair Isaac during the 2nd quarter valued at $33,189,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fair Isaac by 480,776.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,327,664 shares of the technology company’s stock worth $5,625,815,000 after buying an additional 3,326,972 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Fair Isaac in the second quarter worth $2,491,517,000. Finally, Capital World Investors grew its holdings in shares of Fair Isaac by 10.7% in the fourth quarter. Capital World Investors now owns 894,593 shares of the technology company’s stock worth $1,512,417,000 after acquiring an additional 86,200 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.
Fair Isaac Company Profile
Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.
FICO’s product portfolio centers on analytics and decisioning technologies.
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