Fair Isaac (NYSE:FICO) Given New $1,100.00 Price Target at Needham & Company LLC

Key Points

• Needham & Company cut Fair Isaac’s price target to $1,100 from $1,650 while maintaining a “buy” rating, implying 48.58% upside from the reported $740.36 share price.
• Analyst sentiment remains moderately bullish, with 10 buy ratings, four holds and two sells; the consensus price target is $1,176.
• Fair Isaac reported quarterly EPS of $12.18, exceeding estimates of $11.76, while revenue rose 25.7% year over year to $674.19 million.

Fair Isaac (NYSE:FICO - Get Free Report) had its price objective reduced by investment analysts at Needham & Company LLC from $1,650.00 to $1,100.00 in a report released on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Needham & Company LLC's price target suggests a potential upside of 48.58% from the stock's current price.

Several other equities research analysts have also recently weighed in on FICO. Bank of America downgraded Fair Isaac from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $1,400.00 to $700.00 in a research report on Wednesday, September 30th. UBS Group lowered their price objective on Fair Isaac from $1,200.00 to $1,130.00 and set a "neutral" rating for the company in a research note on Wednesday, August 12th. Barclays dropped their target price on Fair Isaac from $935.00 to $875.00 and set an "overweight" rating for the company in a report on Friday, October 2nd. Credit Suisse Group set a $1,150.00 target price on Fair Isaac in a research report on Wednesday, September 30th. Finally, BMO Capital Markets decreased their price target on Fair Isaac from $1,550.00 to $1,150.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,176.00.

Fair Isaac Stock Up 10.9%

Fair Isaac stock opened at $740.36 on Tuesday. The company's 50-day moving average price is $960.08 and its 200-day moving average price is $1,083.01. Fair Isaac has a twelve month low of $586.05 and a twelve month high of $1,858.91. The company has a market cap of $15.99 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.76 by $0.42. The firm had revenue of $674.19 million for the quarter, compared to analysts' expectations of $679.17 million. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. The business's revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the company earned $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. As a group, sell-side analysts expect that Fair Isaac will post 36.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Eva Manolis sold 967 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total value of $1,353,800.00. Following the sale, the director directly owned 498 shares of the company's stock, valued at $697,200. This represents a 66.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.02% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FICO. BlackRock Inc. purchased a new stake in shares of Fair Isaac in the second quarter worth approximately $2,491,517,000. Primecap Management Co. CA purchased a new position in Fair Isaac during the 2nd quarter valued at $433,508,000. Van ECK Associates Corp boosted its holdings in Fair Isaac by 95.0% during the 2nd quarter. Van ECK Associates Corp now owns 223,798 shares of the technology company's stock valued at $267,389,000 after acquiring an additional 109,027 shares during the period. Lindsell Train Ltd boosted its holdings in Fair Isaac by 15.2% during the 1st quarter. Lindsell Train Ltd now owns 249,422 shares of the technology company's stock valued at $266,268,000 after acquiring an additional 32,829 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Fair Isaac by 9.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 175,917 shares of the technology company's stock valued at $187,798,000 after acquiring an additional 14,792 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

About Fair Isaac

Fair Isaac Corporation, known as FICO, develops analytics and software used by businesses to make decisions about credit, risk, fraud, customer engagement and other operational activities. The company is best known for the FICO Score, a credit-risk scoring system used by lenders to help evaluate consumer creditworthiness.

FICO's offerings include credit scoring solutions, decision-management software, fraud detection and identity verification tools, and analytics platforms. Its products are used by financial institutions, insurers, retailers, telecommunications companies and other organizations to automate decisions, manage risk and improve customer relationships.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.