Korea Investment CORP Sells 8,404 Shares of Fair Isaac Corporation $FICO

Korea Investment CORP decreased its position in Fair Isaac Corporation (NYSE:FICO) by 30.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,300 shares of the technology company’s stock after selling 8,404 shares during the quarter. Korea Investment CORP owned approximately 0.08% of Fair Isaac worth $28,883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Edgewood Management LLC bought a new stake in shares of Fair Isaac during the 2nd quarter valued at about $612,785,000. Norges Bank bought a new position in shares of Fair Isaac in the 2nd quarter worth approximately $365,831,000. Primecap Management Co. CA lifted its stake in shares of Fair Isaac by 871.2% in the 3rd quarter. Primecap Management Co. CA now owns 180,650 shares of the technology company’s stock worth $270,348,000 after purchasing an additional 162,050 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Fair Isaac by 2,047.5% in the second quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company’s stock worth $181,676,000 after buying an additional 94,759 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Fair Isaac by 2.4% during the third quarter. Vanguard Group Inc. now owns 3,069,749 shares of the technology company’s stock valued at $4,593,971,000 after buying an additional 72,224 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,441.03 on Tuesday. The company has a market capitalization of $34.18 billion, a P/E ratio of 53.33, a P/E/G ratio of 1.42 and a beta of 1.28. Fair Isaac Corporation has a 1-year low of $1,193.09 and a 1-year high of $2,217.60. The firm’s 50 day simple moving average is $1,478.95 and its two-hundred day simple moving average is $1,596.27.

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

Fair Isaac declared that its board has approved a share buyback program on Wednesday, February 25th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Joanna Rees sold 358 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $1,360.00, for a total value of $486,880.00. Following the transaction, the director directly owned 11,204 shares in the company, valued at $15,237,440. The trade was a 3.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eva Manolis sold 521 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the completion of the transaction, the director directly owned 344 shares of the company’s stock, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,825 shares of company stock valued at $4,657,565. Company insiders own 3.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FICO. Jefferies Financial Group upped their target price 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. Needham & Company LLC reiterated a “buy” rating on shares of Fair Isaac in a research note on Thursday, February 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a research note on Monday, December 29th. The Goldman Sachs Group decreased their target price on Fair Isaac from $2,070.00 to $1,777.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, Wells Fargo & Company lifted their target price on 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. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $1,994.62.

Fair Isaac Company Profile

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.