Fair Isaac (NYSE:FICO) Given Buy Rating at Needham & Company LLC

Fair Isaac (NYSE:FICO)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued on Tuesday,Benzinga reports. They presently have a $1,650.00 target price on the technology company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 36.37% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Robert W. Baird set a $1,549.00 price target on shares of Fair Isaac in a report on Wednesday, April 29th. Raymond James Financial reissued an “outperform” rating and set a $1,750.00 price target on shares of Fair Isaac in a report on Wednesday, April 29th. Barclays cut their price target on shares of Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Finally, Weiss Ratings raised shares of Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,619.36.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,209.92 on Tuesday. The company has a 50-day moving average of $1,107.87 and a 200-day moving average of $1,375.28. The company has a market capitalization of $28.06 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 1.00 and a beta of 1.28. Fair Isaac has a 52 week low of $870.01 and a 52 week high of $1,998.01.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $12.50 EPS for the quarter, topping analysts’ consensus estimates of $11.03 by $1.47. The company had revenue of $691.68 million during the quarter, compared to the consensus estimate of $630.21 million. Fair Isaac had a net margin of 33.67% and a negative return on equity of 41.04%. The firm’s revenue for the quarter was up 38.7% compared to the same quarter last year. During the same period last year, the firm earned $7.81 EPS. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. Sell-side analysts forecast that Fair Isaac will post 38.06 EPS for the current year.

Fair Isaac declared that its Board of Directors has authorized a share buyback program on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Fair Isaac

Institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC boosted its holdings in 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 during the last quarter. Soltis Investment Advisors LLC acquired a new position in Fair Isaac during the fourth quarter worth $2,379,000. Jefferies Financial Group Inc. acquired a new position in Fair Isaac during the third quarter worth $1,580,000. Akre Capital Management LLC boosted its holdings in Fair Isaac by 2,751.4% during the third quarter. Akre Capital Management LLC now owns 260,849 shares of the technology company’s stock worth $390,368,000 after purchasing an additional 251,701 shares during the last quarter. Finally, Brighton Jones LLC boosted its holdings in Fair Isaac by 168.7% during 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. 85.75% of the stock is owned by institutional investors.

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.