Oppenheimer Asset Management Inc. Makes New $4.57 Million Investment in Fair Isaac Corporation $FICO

Key Points

• Oppenheimer Asset Management initiated a $4.57 million position in Fair Isaac, purchasing 3,823 shares during the second quarter. Institutional investors and hedge funds collectively own 85.75% of FICO’s outstanding shares.
• 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 but fell short of expectations.
• FICO shares opened at $1,084.65, down 2.3%, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $1,571.29.

Oppenheimer Asset Management Inc. purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,823 shares of the technology company's stock, valued at approximately $4,568,000.

A number of other hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Fair Isaac by 480,776.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,327,664 shares of the technology company's stock valued at $5,625,815,000 after purchasing an additional 3,326,972 shares during the last quarter. Capital World Investors lifted its stake in shares of Fair Isaac by 10.7% in the fourth quarter. Capital World Investors now owns 894,593 shares of the technology company's stock worth $1,512,417,000 after buying an additional 86,200 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Fair Isaac by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 719,120 shares of the technology company's stock worth $1,213,620,000 after buying an additional 8,886 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Fair Isaac by 2.3% during the 4th quarter. Morgan Stanley now owns 499,836 shares of the technology company's stock worth $845,037,000 after buying an additional 11,363 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Fair Isaac by 13.4% during the 4th quarter. Principal Financial Group Inc. now owns 458,085 shares of the technology company's stock worth $774,518,000 after buying an additional 53,980 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Stock Down 2.3%

NYSE FICO opened at $1,084.65 on Friday. The stock has a market cap of $23.43 billion, a P/E ratio of 31.33, a PEG ratio of 0.97 and a beta of 1.30. The company's 50-day simple moving average is $1,181.07 and its 200 day simple moving average is $1,197.39. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, topping analysts' consensus estimates of $11.76 by $0.42. The firm had revenue of $674.19 million during 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 company's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter last year, the company earned $8.57 earnings per share. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Research analysts anticipate that Fair Isaac Corporation will post 37.37 earnings per share for the current year.

Insider Activity

In related news, Director Eva Manolis sold 967 shares of the firm'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 transaction of $1,353,800.00. Following the completion of the transaction, the director owned 498 shares in the company, valued at $697,200. This trade represents a 66.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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

Several brokerages recently commented on FICO. Wall Street Zen downgraded shares of Fair Isaac from a "buy" rating to a "hold" rating in a report on Sunday, June 28th. Wells Fargo & Company upped their price target on shares of Fair Isaac from $1,400.00 to $1,450.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,650.00 price target on shares of Fair Isaac in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Weiss Ratings cut Fair Isaac from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and a consensus price target of $1,571.29.

Fair Isaac 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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