Korea Investment CORP Cuts Stake in Fair Isaac Corporation $FICO

Korea Investment CORP lowered its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 30.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,300 shares of the technology company’s stock after selling 8,404 shares during the period. Korea Investment CORP’s holdings in Fair Isaac were worth $28,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership bought a new position in shares of Fair Isaac during the 2nd quarter valued at about $84,295,000. Brighton Jones LLC increased its holdings in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Fair Isaac by 111.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,947 shares of the technology company’s stock worth $2,914,000 after purchasing an additional 1,027 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fair Isaac in the third quarter worth about $627,000. Finally, Azzad Asset Management Inc. ADV bought a new position in Fair Isaac during the third quarter valued at approximately $705,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,441.03 on Tuesday. The company has a market cap of $34.18 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. Fair Isaac Corporation has a 1 year low of $1,193.09 and a 1 year high of $2,217.60. The stock’s 50 day simple moving average is $1,478.95 and its two-hundred day simple moving average is $1,596.27.

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

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FICO shares. Jefferies Financial Group raised their price target on Fair Isaac from $2,100.00 to $2,200.00 and gave the company a “buy” rating in a report on Friday, January 16th. The Goldman Sachs Group lowered their target price on 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. Wells Fargo & Company raised their target price on shares of Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 29th. Finally, Bank of America began coverage on shares of Fair Isaac in a research note on Tuesday, February 17th. They set a “buy” rating and a $1,900.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,994.62.

Insiders Place Their Bets

In other Fair Isaac news, Director Eva Manolis sold 521 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the transaction, the director owned 344 shares in the company, valued at $628,085.52. The trade was a 60.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joanna Rees sold 358 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $1,360.00, for a total transaction of $486,880.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. Insiders sold 2,825 shares of company stock valued at $4,657,565 over the last three months. 3.02% of the stock is owned by company insiders.

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.