Korea Investment CORP Makes New $13.30 Million Investment in Fair Isaac Corporation $FICO

Korea Investment CORP acquired a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,130 shares of the technology company's stock, valued at approximately $13,298,000. Korea Investment CORP owned approximately 0.05% of Fair Isaac at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after acquiring an additional 302 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in Fair Isaac by 5.7% in the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company's stock valued at $207,000 after purchasing an additional 6 shares in the last quarter. Woodline Partners LP lifted its holdings in Fair Isaac by 46.1% in the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company's stock valued at $3,943,000 after purchasing an additional 675 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Fair Isaac by 18.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 14,037 shares of the technology company's stock worth $25,659,000 after purchasing an additional 2,146 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Fair Isaac by 16.1% during the second quarter. Alliancebernstein L.P. now owns 211,947 shares of the technology company's stock worth $387,431,000 after buying an additional 29,408 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In other news, Director Eva Manolis sold 967 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total value of $1,353,800.00. Following the completion of the sale, the director directly owned 498 shares in the company, valued at approximately $697,200. The trade was a 66.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.

Analyst Upgrades and Downgrades

FICO has been the topic of several recent analyst reports. Bank of America reduced their price objective 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,650.00 target price on shares of Fair Isaac in a research note on Thursday, July 30th. Robert W. Baird set a $1,549.00 price objective on Fair Isaac in a report on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of Fair Isaac from $1,400.00 to $1,450.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Finally, Barclays decreased their price target on shares of Fair Isaac from $1,950.00 to $1,700.00 and set an "overweight" rating on the stock in a report on Monday, August 10th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,553.69.

Fair Isaac Stock Up 0.1%

FICO opened at $1,174.20 on Monday. The firm's 50 day moving average is $1,173.21 and its 200-day moving average is $1,181.79. Fair Isaac Corporation has a 52-week low of $870.01 and a 52-week high of $1,998.01. The firm has a market capitalization of $25.36 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.05 and a beta of 1.30.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share for the quarter, beating analysts' consensus estimates of $11.76 by $0.42. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. The business had revenue of $674.19 million during the quarter, compared to analyst estimates of $679.17 million. During the same period last year, the business earned $8.57 EPS. The business'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. Equities analysts expect that Fair Isaac Corporation will post 37.37 earnings per share for the current fiscal year.

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.

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