Share Buyback Plan Announced by Fair Isaac (NYSE:FICO) Board of Directors

Fair Isaac (NYSE:FICO) announced that its board has authorized a share repurchase plan on Wednesday, February 25th, RTT News reports. The company plans to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 5.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $75.45 during trading on Wednesday, reaching $1,303.08. The company had a trading volume of 392,902 shares, compared to its average volume of 325,131. Fair Isaac has a 52 week low of $1,193.09 and a 52 week high of $2,217.60. The business’s 50 day moving average price is $1,528.01 and its 200-day moving average price is $1,589.12. The stock has a market cap of $30.91 billion, a PE ratio of 48.23, a PEG ratio of 1.18 and a beta of 1.27.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.08 by $0.25. Fair Isaac had a net margin of 31.89% and a negative return on equity of 40.98%. The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $501.05 million. During the same quarter last year, the business posted $5.79 earnings per share. Fair Isaac’s revenue for the quarter was up 16.4% compared to the same quarter last year. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. Equities analysts anticipate that Fair Isaac will post 24.15 earnings per share for the current year.

Analyst Ratings Changes

FICO has been the topic of several analyst reports. The Goldman Sachs Group lowered their price objective on Fair Isaac from $2,070.00 to $1,777.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Wells Fargo & Company upped their price target on Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fair Isaac in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Fair Isaac from $1,750.00 to $1,825.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, BMO Capital Markets lowered their target price on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,007.14.

Insider Activity

In other news, Director Eva Manolis sold 521 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the completion of the sale, the director owned 344 shares in the company, valued at $628,085.52. The trade was a 60.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joanna Rees sold 358 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $1,360.00, for a total value of $486,880.00. Following the transaction, the director directly owned 11,204 shares in the company, valued at $15,237,440. This trade represents a 3.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,305 shares of company stock valued at $4,019,197. Company insiders own 3.02% of the company’s stock.

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.