BlackRock Inc. Invests $2.49 Billion in Fair Isaac Corporation $FICO

BlackRock Inc. acquired a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,085,336 shares of the technology company's stock, valued at approximately $2,491,517,000. BlackRock Inc. owned about 9.65% of Fair Isaac at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bayban purchased a new stake in shares of Fair Isaac during the 4th quarter worth about $25,000. Physician Wealth Advisors Inc. grew its stake in shares of Fair Isaac by 166.7% in the 4th quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company's stock valued at $27,000 after buying an additional 10 shares in the last quarter. Torren Management LLC bought a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $30,000. Rakuten Securities Inc. increased its holdings in 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 buying an additional 12 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in Fair Isaac in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insiders Place Their Bets

In other Fair Isaac news, Director Eva Manolis sold 967 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the completion of the transaction, the director owned 498 shares of the company's stock, valued at $697,200. The trade was a 66.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,160.59 on Thursday. The stock's 50 day simple moving average is $1,174.01 and its 200 day simple moving average is $1,185.97. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01. The company has a market capitalization of $25.07 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 0.97 and a beta of 1.30.

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, topping analysts' consensus estimates of $11.76 by $0.42. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%.The firm had revenue of $674.19 million during the quarter, compared to analysts' expectations of $679.17 million. During the same quarter in the prior year, the business earned $8.57 earnings per share. The company's revenue was up 25.7% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, analysts forecast that Fair Isaac Corporation will post 37.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on FICO. Barclays reduced their target price on shares of Fair Isaac from $1,950.00 to $1,700.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Bank of America dropped their price target on shares of Fair Isaac from $1,550.00 to $1,400.00 and set a "buy" rating on the stock in a research note on Tuesday, May 19th. Raymond James Financial restated an "outperform" rating and set a $1,750.00 price target on shares of Fair Isaac in a report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price objective on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a "neutral" rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen cut shares of Fair Isaac from a "buy" rating to a "hold" rating in a report on Sunday, June 28th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,553.69.

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.

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