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

Ninety One SA Pty Ltd acquired a new position in shares of Fair Isaac Corporation (NYSE:FICO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 810 shares of the technology company’s stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FICO. XXEC Inc. bought a new position in shares of Fair Isaac in the 2nd quarter worth $33,189,000. BlackRock Inc. acquired a new position in shares of Fair Isaac during the second quarter valued at about $2,491,517,000. Primecap Management Co. CA purchased a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $433,508,000. Legal & General Group Plc purchased a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $173,157,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $152,357,000. 85.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of Fair Isaac from $935.00 to $875.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Huber Research cut shares of Fair Isaac to a “strong sell” rating in a report on Tuesday, September 29th. Weiss Ratings upgraded shares of Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Wells Fargo & Company lowered their price objective on shares of Fair Isaac from $1,350.00 to $950.00 and set an “overweight” rating for the company in a research note on Wednesday, September 30th. Finally, Bank of America lowered shares of Fair Isaac from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $1,400.00 to $700.00 in a report on Wednesday, September 30th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.50.

Fair Isaac Trading Up 5.3%

NYSE FICO traded up $37.87 on Thursday, hitting $757.50. 379,373 shares of the company’s stock traded hands, compared to its average volume of 442,853. The firm’s 50-day moving average price is $946.07 and its two-hundred day moving average price is $1,078.49. The firm has a market capitalization of $16.36 billion, a PE ratio of 21.90, a P/E/G ratio of 0.82 and a beta of 1.35. Fair Isaac Corporation has a 1-year low of $586.05 and a 1-year high of $1,858.91.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, beating the consensus estimate of $11.76 by $0.42. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. The company had revenue of $674.19 million for the quarter, compared to analyst estimates of $679.17 million. During the same quarter last year, the business earned $8.57 earnings per share. The firm’s revenue was up 25.7% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, research analysts anticipate that Fair Isaac Corporation will post 36.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Eva Manolis sold 967 shares of the business’s 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 value of $1,353,800.00. Following the completion of the sale, the director directly owned 498 shares in the company, valued at $697,200. The trade was a 66.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.02% of the company’s stock.

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.