Riverbridge Partners LLC Sells 2,999 Shares of Fair Isaac Corporation $FICO

Riverbridge Partners LLC trimmed its position in Fair Isaac Corporation (NYSE:FICO) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,901 shares of the technology company’s stock after selling 2,999 shares during the quarter. Riverbridge Partners LLC owned 0.11% of Fair Isaac worth $28,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Bayban bought a new stake in Fair Isaac in the 4th quarter worth $25,000. Physician Wealth Advisors Inc. raised its stake in shares of Fair Isaac by 166.7% during the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock valued at $27,000 after acquiring an additional 10 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth about $30,000. Elyxium Wealth LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth about $42,000. Finally, Rakuten Securities Inc. grew its stake in shares of Fair Isaac by 100.0% in the second quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock worth $44,000 after purchasing an additional 12 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,101.86 on Wednesday. Fair Isaac Corporation has a 1 year low of $870.01 and a 1 year high of $1,998.01. The company’s 50-day moving average is $1,129.09 and its 200 day moving average is $1,327.22. The stock has a market capitalization of $25.55 billion, a P/E ratio of 34.90, a P/E/G ratio of 0.96 and a beta of 1.28.

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

Fair Isaac announced that its board has authorized a stock buyback plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

FICO has been the topic of a number of research analyst reports. Wall Street Zen upgraded Fair Isaac from a “hold” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group cut their price objective on Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. JPMorgan Chase & Co. reduced their target price on Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings upgraded Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, UBS Group raised their price target on Fair Isaac from $1,110.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 16th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,626.50.

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.