Fair Isaac (NYSE:FICO) Stock Price Down 5.9% – Here’s What Happened

Fair Isaac Corporation (NYSE:FICO) shares dropped 5.9% on Friday. The company traded as low as $667.24 and last traded at $665.4640. 768,204 shares traded hands during mid-day trading, an increase of 79% from the average session volume of 428,652 shares. The stock had previously closed at $707.43.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a research report on Tuesday, September 29th. Huber Research lowered shares of Fair Isaac to a “strong sell” rating in a research note on Tuesday, September 29th. Bank of America downgraded Fair Isaac from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $1,400.00 to $700.00 in a research report on Wednesday, September 30th. Zacks Research downgraded Fair Isaac from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,650.00 price target on shares of Fair Isaac in a research note on Thursday, July 30th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fair Isaac presently has an average rating of “Hold” and a consensus price target of $1,210.38.

Fair Isaac Stock Performance

The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 0.77 and a beta of 1.35. The firm’s 50-day simple moving average is $975.29 and its two-hundred day simple moving average is $1,087.56.

Fair Isaac (NYSE:FICO) last released its 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. The company had revenue of $674.19 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 25.7% on a year-over-year basis. During the same period last year, the firm earned $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Equities research analysts expect that Fair Isaac Corporation will post 37.09 earnings per share for the current fiscal year.

Insider Transactions at Fair Isaac

In other Fair Isaac 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 transaction of $1,353,800.00. Following the transaction, the director owned 498 shares in the company, valued at approximately $697,200. This trade represents a 66.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.02% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several institutional investors have recently modified their holdings of FICO. BlackRock Inc. bought a new stake in shares of Fair Isaac in the second quarter valued at about $2,491,517,000. Akre Capital Management LLC raised its holdings in shares of Fair Isaac by 6.4% in the fourth quarter. Akre Capital Management LLC now owns 277,445 shares of the technology company’s stock valued at $469,054,000 after purchasing an additional 16,596 shares during the last quarter. Primecap Management Co. CA bought a new stake in shares of Fair Isaac in the second quarter worth $433,508,000. Arrowstreet Capital Limited Partnership grew its position in Fair Isaac by 26.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,125 shares of the technology company’s stock valued at $272,401,000 after purchasing an additional 33,253 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Fair Isaac by 95.0% in the 2nd quarter. Van ECK Associates Corp now owns 223,798 shares of the technology company’s stock valued at $267,389,000 after buying an additional 109,027 shares during the last quarter. Institutional investors own 85.75% 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.