CIBC Asset Management Inc Acquires 2,249 Shares of Fair Isaac Corporation $FICO

CIBC Asset Management Inc boosted its holdings in Fair Isaac Corporation (NYSE:FICO) by 66.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,634 shares of the technology company’s stock after purchasing an additional 2,249 shares during the period. CIBC Asset Management Inc’s holdings in Fair Isaac were worth $9,525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Great Lakes Advisors LLC lifted its position in shares of Fair Isaac by 5.7% during the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock worth $207,000 after purchasing an additional 6 shares in the last quarter. Heartland Bank & Trust Co lifted its holdings in Fair Isaac by 1.3% in the third quarter. Heartland Bank & Trust Co now owns 464 shares of the technology company’s stock valued at $694,000 after buying an additional 6 shares during the period. GW&K Investment Management LLC lifted its holdings in Fair Isaac by 4.6% in the third quarter. GW&K Investment Management LLC now owns 136 shares of the technology company’s stock valued at $204,000 after buying an additional 6 shares during the period. San Luis Wealth Advisors LLC lifted its holdings in Fair Isaac by 2.8% in the third quarter. San Luis Wealth Advisors LLC now owns 253 shares of the technology company’s stock valued at $379,000 after buying an additional 7 shares during the period. Finally, Capital Investment Advisory Services LLC lifted its holdings in Fair Isaac by 1.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 367 shares of the technology company’s stock valued at $620,000 after buying an additional 7 shares during the period. Institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 21st. UBS Group cut their price objective on shares of Fair Isaac from $1,200.00 to $1,150.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Mizuho assumed coverage on shares of Fair Isaac in a report on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 price objective on the stock. Barclays cut their price objective on shares of Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Finally, The Goldman Sachs Group cut their price objective on shares of Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,619.36.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,140.90 on Friday. The stock has a market cap of $26.46 billion, a P/E ratio of 36.14, a P/E/G ratio of 1.03 and a beta of 1.28. The company has a fifty day moving average price of $1,104.45 and a two-hundred day moving average price of $1,381.60. Fair Isaac Corporation has a one year low of $870.01 and a one year high of $1,998.01.

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

Fair Isaac announced that its Board of Directors has approved 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 buy up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.