Ninety One UK Ltd Acquires New Position in Fair Isaac Corporation $FICO

Ninety One UK Ltd acquired a new stake in Fair Isaac Corporation (NYSE:FICO) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 22,844 shares of the technology company’s stock, valued at approximately $13,534,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Fair Isaac during the second quarter worth $2,491,517,000. Primecap Management Co. CA acquired a new position in Fair Isaac during the second quarter valued at $433,508,000. Van ECK Associates Corp lifted its position in Fair Isaac by 95.0% during the second quarter. Van ECK Associates Corp now owns 223,798 shares of the technology company’s stock valued at $267,389,000 after purchasing an additional 109,027 shares during the period. Lindsell Train Ltd boosted its holdings in Fair Isaac by 15.2% in the first quarter. Lindsell Train Ltd now owns 249,422 shares of the technology company’s stock valued at $266,268,000 after purchasing an additional 32,829 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Fair Isaac by 9.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 175,917 shares of the technology company’s stock valued at $187,798,000 after purchasing an additional 14,792 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

FICO opened at $769.73 on Friday. The firm has a fifty day moving average price of $940.83 and a 200 day moving average price of $1,076.78. Fair Isaac Corporation has a 1 year low of $586.05 and a 1 year high of $1,858.91. The stock has a market cap of $16.63 billion, a P/E ratio of 22.23, a P/E/G ratio of 0.83 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced 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. The firm had revenue of $674.19 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.57 earnings per share. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Equities analysts expect that Fair Isaac Corporation will post 36.83 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Eva Manolis sold 967 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total value of $1,353,800.00. Following the completion of the transaction, the director owned 498 shares in the company, valued at approximately $697,200. This represents a 66.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FICO. Bank of America downgraded Fair Isaac from a “buy” rating to a “neutral” rating and cut their price target for the stock from $1,400.00 to $700.00 in a research report on Wednesday, September 30th. Robert W. Baird decreased their price objective on Fair Isaac from $1,549.00 to $1,070.00 and set an “outperform” rating for the company in a report on Friday, October 2nd. Needham & Company LLC lowered their target price on Fair Isaac from $1,650.00 to $1,100.00 and set a “buy” rating on the stock in a research note on Tuesday. Raymond James Financial dropped their target price on Fair Isaac from $1,750.00 to $1,230.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company dropped their target price on Fair Isaac from $1,350.00 to $950.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $1,143.50.

About Fair Isaac

Fair Isaac Corporation, known as FICO, develops analytics and software used by businesses to make decisions about credit, risk, fraud, customer engagement and other operational activities. The company is best known for the FICO Score, a credit-risk scoring system used by lenders to help evaluate consumer creditworthiness.

FICO’s offerings include credit scoring solutions, decision-management software, fraud detection and identity verification tools, and analytics platforms. Its products are used by financial institutions, insurers, retailers, telecommunications companies and other organizations to automate decisions, manage risk and improve customer relationships.