Focus Partners Wealth Purchases 1,288 Shares of Fair Isaac Corporation $FICO

Focus Partners Wealth raised its position in shares of Fair Isaac Corporation (NYSE:FICO) by 3.0% during the third quarter, HoldingsChannel reports. The firm owned 44,684 shares of the technology company’s stock after purchasing an additional 1,288 shares during the period. Focus Partners Wealth’s holdings in Fair Isaac were worth $66,726,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors increased its position in shares of Fair Isaac by 874.4% during the 3rd quarter. Capital World Investors now owns 808,393 shares of the technology company’s stock valued at $1,209,784,000 after purchasing an additional 725,432 shares during the last quarter. Edgewood Management LLC bought a new stake in Fair Isaac in the 2nd quarter worth approximately $612,785,000. Capital International Investors boosted its stake in Fair Isaac by 402.8% in the third quarter. Capital International Investors now owns 377,883 shares of the technology company’s stock worth $565,513,000 after buying an additional 302,734 shares in the last quarter. Akre Capital Management LLC boosted its stake in Fair Isaac by 2,751.4% in the third quarter. Akre Capital Management LLC now owns 260,849 shares of the technology company’s stock worth $390,368,000 after buying an additional 251,701 shares in the last quarter. Finally, Norges Bank bought a new position in Fair Isaac during the second quarter valued at approximately $365,831,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fair Isaac news, Director Joanna Rees sold 358 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $1,360.00, for a total value of $486,880.00. Following the completion of the transaction, the director directly owned 11,204 shares in the company, valued at approximately $15,237,440. This represents a 3.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eva Manolis sold 520 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,227.63, for a total transaction of $638,367.60. Following the completion of the sale, the director directly owned 344 shares of the company’s stock, valued at approximately $422,304.72. This represents a 60.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 2,304 shares of company stock worth $3,706,308. 3.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Bank of America started coverage on shares of Fair Isaac in a report on Tuesday, February 17th. They issued a “buy” rating and a $1,900.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 29th. Needham & Company LLC reissued a “buy” rating on shares of Fair Isaac in a research note on Thursday, February 26th. The Goldman Sachs Group cut their price target on shares of Fair Isaac from $2,070.00 to $1,777.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, Zacks Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,972.31.

Fair Isaac Stock Up 2.7%

Shares of NYSE FICO opened at $1,161.91 on Tuesday. The firm’s fifty day moving average is $1,427.00 and its 200 day moving average is $1,586.73. Fair Isaac Corporation has a 52 week low of $1,068.67 and a 52 week high of $2,217.60. The company has a market cap of $27.56 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 1.09 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.25. Fair Isaac had a net margin of 31.89% and a negative return on equity of 40.98%. The business had revenue of $766.00 million during the quarter, compared to analysts’ expectations of $501.05 million. During the same quarter in the prior year, the company posted $5.79 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. Equities research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has authorized a share repurchase program on Wednesday, February 25th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to buy up to 5.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

About Fair Isaac

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.