Primecap Management Co. CA Purchases New Position in Fair Isaac Corporation $FICO

Primecap Management Co. CA purchased a new stake in Fair Isaac Corporation (NYSE:FICO) during the second quarter, Holdings Channel reports. The firm purchased 362,835 shares of the technology company’s stock, valued at approximately $433,508,000.

Other hedge funds have also recently bought and sold shares of the company. Bayban bought a new position in Fair Isaac during the 4th quarter valued at about $25,000. Physician Wealth Advisors Inc. boosted its position in Fair Isaac by 166.7% in the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock valued at $27,000 after buying an additional 10 shares in the last quarter. Torren Management LLC bought a new stake in Fair Isaac during the fourth quarter worth about $30,000. Rakuten Securities Inc. increased its holdings in shares of Fair Isaac by 100.0% during the second quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock worth $44,000 after buying an additional 12 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth approximately $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

FICO stock opened at $1,138.87 on Wednesday. The company has a 50 day moving average price of $1,171.94 and a 200 day moving average price of $1,178.95. Fair Isaac Corporation has a fifty-two week low of $870.01 and a fifty-two week high of $1,998.01. The stock has a market capitalization of $24.60 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, beating analysts’ consensus estimates of $11.76 by $0.42. The firm had revenue of $674.19 million for the quarter, compared to analyst estimates of $679.17 million. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%.The business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period last year, the company earned $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. As a group, equities analysts expect that Fair Isaac Corporation will post 37.37 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Eva Manolis sold 967 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total value of $1,353,800.00. Following the transaction, the director owned 498 shares in the company, valued at $697,200. This trade represents a 66.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 owned by company insiders.

Analysts Set New Price Targets

FICO has been the topic of several recent analyst reports. Bank of America reduced their target price on Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Robert W. Baird set a $1,549.00 price target on Fair Isaac in a report on Wednesday, April 29th. JPMorgan Chase & Co. cut their price objective on Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $1,650.00 price objective on shares of Fair Isaac in a research note on Thursday, July 30th. Finally, UBS Group decreased their target price on Fair Isaac from $1,200.00 to $1,130.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,553.69.

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.