The Goldman Sachs Group Cuts Fair Isaac (NYSE:FICO) Price Target to $1,528.00
by Jessica Moore · The Cerbat GemFair Isaac (NYSE:FICO – Free Report) had its price objective reduced by The Goldman Sachs Group from $1,770.00 to $1,528.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.
A number of other brokerages have also recently weighed in on FICO. Needham & Company LLC restated a “buy” rating on shares of Fair Isaac in a report on Thursday, February 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 29th. Jefferies Financial Group boosted their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Wells Fargo & Company cut their price objective on Fair Isaac from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Finally, Robert W. Baird reduced their price objective on Fair Isaac from $1,960.00 to $1,547.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus price target of $1,867.54.
Read Our Latest Analysis on FICO
Fair Isaac Trading Down 0.2%
FICO stock opened at $1,087.75 on Thursday. The business’s fifty day moving average price is $1,287.11 and its 200 day moving average price is $1,541.75. Fair Isaac has a 12-month low of $969.32 and a 12-month high of $2,217.60. The company has a market capitalization of $25.80 billion, a PE ratio of 40.26, a P/E/G ratio of 1.05 and a beta of 1.38.
Fair Isaac (NYSE:FICO – Get Free Report) last announced its earnings results on Wednesday, January 28th. The technology company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.08 by $0.25. The company had revenue of $766.00 million during the quarter, compared to analysts’ expectations of $501.05 million. Fair Isaac had a negative return on equity of 40.98% and a net margin of 31.89%.Fair Isaac’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business posted $5.79 EPS. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. Research analysts predict that Fair Isaac will post 24.15 EPS for the current fiscal year.
Fair Isaac announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Insiders Place Their Bets
In related news, Director Joanna Rees sold 358 shares of the business’s 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 transaction, the director owned 11,204 shares in the company, valued at approximately $15,237,440. The trade was a 3.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eva Manolis sold 520 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,227.63, for a total value of $638,367.60. Following the completion of the transaction, the director directly owned 344 shares in the company, valued at $422,304.72. This trade represents a 60.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.02% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Natixis Advisors LLC increased its position in shares of Fair Isaac by 28.9% during the third quarter. Natixis Advisors LLC now owns 14,721 shares of the technology company’s stock worth $22,030,000 after purchasing an additional 3,302 shares in the last quarter. Akre Capital Management LLC boosted its position in shares of Fair Isaac by 2,751.4% in the 3rd quarter. Akre Capital Management LLC now owns 260,849 shares of the technology company’s stock valued at $390,368,000 after purchasing an additional 251,701 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Fair Isaac in the 3rd quarter valued at about $1,580,000. Brighton Jones LLC grew its stake in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after buying an additional 302 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Fair Isaac by 111.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,947 shares of the technology company’s stock worth $2,914,000 after buying an additional 1,027 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.
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.