Bank of New York Mellon Corp Buys 3,645 Shares of Fair Isaac Corporation $FICO

Bank of New York Mellon Corp lifted its stake in Fair Isaac Corporation (NYSE:FICO) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,812 shares of the technology company’s stock after buying an additional 3,645 shares during the period. Bank of New York Mellon Corp’s holdings in Fair Isaac were worth $226,226,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FICO. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fair Isaac by 480,776.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,327,664 shares of the technology company’s stock valued at $5,625,815,000 after buying an additional 3,326,972 shares during the period. Capital World Investors lifted its stake in Fair Isaac by 874.4% during the third quarter. Capital World Investors now owns 808,393 shares of the technology company’s stock worth $1,209,784,000 after purchasing an additional 725,432 shares during the period. Capital International Investors lifted its stake in Fair Isaac by 402.8% during the third quarter. Capital International Investors now owns 377,883 shares of the technology company’s stock worth $565,513,000 after purchasing an additional 302,734 shares during the period. Norges Bank bought a new position in Fair Isaac during the fourth quarter worth about $490,209,000. Finally, Akre Capital Management LLC lifted its stake 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 period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 2.2%

NYSE:FICO opened at $1,140.90 on Friday. Fair Isaac Corporation has a 1 year low of $870.01 and a 1 year high of $1,998.01. The firm has a 50 day moving average of $1,104.45 and a 200-day moving average of $1,381.60. The stock has a market capitalization of $26.46 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 1.03 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, April 28th. The technology company reported $12.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.03 by $1.47. Fair Isaac had a net margin of 33.67% and a negative return on equity of 41.04%. The company had revenue of $691.68 million during the quarter, compared to analysts’ expectations of $630.21 million. During the same quarter in the previous year, the company posted $7.81 earnings per share. Fair Isaac’s quarterly revenue was up 38.7% compared to the same quarter last year. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. As a group, analysts forecast that Fair Isaac Corporation will post 38.06 EPS for the current fiscal year.

Fair Isaac declared that its board has initiated a share repurchase plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have commented on FICO shares. Raymond James Financial restated an “outperform” rating and set a $1,750.00 price target on shares of Fair Isaac in a research note on Wednesday, April 29th. JPMorgan Chase & Co. cut their price target on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Weiss Ratings cut shares of Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Jefferies Financial Group cut their price target on shares of Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, The Goldman Sachs Group cut their price target on shares of Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Ten 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 a consensus rating of “Moderate Buy” and a consensus target price of $1,619.36.

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.