Main Street Research LLC Sells 2,097 Shares of Fair Isaac Corporation $FICO

Main Street Research LLC decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 19.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,627 shares of the technology company’s stock after selling 2,097 shares during the quarter. Main Street Research LLC’s holdings in Fair Isaac were worth $12,911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Heartland Bank & Trust Co lifted its stake in Fair Isaac by 1.3% in the 3rd quarter. Heartland Bank & Trust Co now owns 464 shares of the technology company’s stock valued at $694,000 after purchasing an additional 6 shares during the last quarter. GW&K Investment Management LLC increased its position in Fair Isaac by 4.6% during the third quarter. GW&K Investment Management LLC now owns 136 shares of the technology company’s stock worth $204,000 after buying an additional 6 shares during the last quarter. Great Lakes Advisors LLC raised its stake in Fair Isaac by 5.7% in the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after buying an additional 6 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Fair Isaac by 66.7% in the third quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 8 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Fair Isaac by 5.9% in the third quarter. Parkside Financial Bank & Trust now owns 143 shares of the technology company’s stock valued at $214,000 after buying an additional 8 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FICO shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fair Isaac in a research note on Monday, December 29th. UBS Group reduced their price objective on shares of Fair Isaac from $1,500.00 to $1,350.00 and set a “neutral” rating for the company in a research report on Wednesday. Jefferies Financial Group upped their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company a “buy” rating in a report on Friday, January 16th. Wells Fargo & Company increased their price objective on shares of Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, Bank of America started coverage on shares of Fair Isaac in a research note on Tuesday, February 17th. They set a “buy” rating and a $1,900.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $1,972.31.

Fair Isaac Trading Up 3.4%

Shares of FICO opened at $1,131.13 on Friday. The stock has a market capitalization of $26.83 billion, a PE ratio of 41.86, a P/E/G ratio of 1.05 and a beta of 1.28. The firm’s 50 day moving average is $1,436.84 and its 200-day moving average is $1,586.84. Fair Isaac Corporation has a 12 month low of $1,068.67 and a 12 month high of $2,217.60.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, January 28th. The technology company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $0.25. The firm had revenue of $766.00 million during the quarter, compared to the consensus estimate of $501.05 million. Fair Isaac had a negative return on equity of 40.98% and a net margin of 31.89%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $5.79 EPS. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. Equities research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a share repurchase 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 358 shares of the company’s stock in a transaction dated 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 sale, the director owned 11,204 shares of the company’s stock, valued at $15,237,440. This represents a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven P. Weber sold 1,426 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the sale, the chief financial officer owned 2,804 shares in the company, valued at $5,075,240. The trade was a 33.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,304 shares of company stock valued at $3,706,308 over the last quarter. 3.02% of the stock is owned by corporate insiders.

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.