Primecap Management Co. CA Makes New Investment in Fair Isaac Corporation $FICO

Key Points

• Primecap Management initiated a major FICO position, purchasing 362,835 shares worth approximately $433.5 million, representing a 1.68% stake. Institutional investors and hedge funds collectively own 85.75% of the company.
• FICO’s latest quarterly results exceeded expectations, with adjusted earnings of $12.18 per share versus the $11.76 estimate, while revenue rose 25.7% year over year to $674.19 million.
• Shares opened at $1,138.87, down 2.4%, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $1,553.69.

Primecap Management Co. CA purchased a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 362,835 shares of the technology company's stock, valued at approximately $433,508,000. Primecap Management Co. CA owned 1.68% of Fair Isaac at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE increased its position in Fair Isaac by 5.7% in the 1st quarter. Bank of America Corp DE now owns 133,448 shares of the technology company's stock worth $142,461,000 after buying an additional 7,154 shares during the period. Soltis Investment Advisors LLC bought a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $2,379,000. Brighton Jones LLC grew its stake in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares during the last quarter. Titan Global Capital Management USA LLC grew its stake in shares of Fair Isaac by 42.6% in the fourth quarter. Titan Global Capital Management USA LLC now owns 7,993 shares of the technology company's stock worth $13,513,000 after acquiring an additional 2,387 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Fair Isaac during the second quarter worth $67,760,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Eva Manolis sold 967 shares of the company's 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 owned 498 shares of the company's stock, valued at $697,200. The trade was a 66.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FICO shares. Wall Street Zen cut shares of Fair Isaac from a "buy" rating to a "hold" rating in a research note on Sunday, June 28th. Robert W. Baird set a $1,549.00 price target on shares of Fair Isaac in a research report on Wednesday, April 29th. Needham & Company LLC restated a "buy" rating and set a $1,650.00 price objective on shares of Fair Isaac in a report on Thursday, July 30th. UBS Group cut their price objective on shares of Fair Isaac from $1,200.00 to $1,130.00 and set a "neutral" rating for the company in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. reduced their target price 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. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,553.69.

Fair Isaac Trading Down 2.4%

Shares of NYSE FICO opened at $1,138.87 on Wednesday. The firm has a market capitalization of $24.60 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.05 and a beta of 1.30. Fair Isaac Corporation has a one year low of $870.01 and a one year high of $1,998.01. The business has a fifty day simple moving average of $1,171.94 and a 200 day simple moving average of $1,178.95.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share for the quarter, topping analysts' consensus estimates of $11.76 by $0.42. The firm had revenue of $674.19 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $8.57 earnings per share. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, research analysts anticipate 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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