Fair Isaac (NYSE:FICO) Stock Gets Price Target Reduction from Needham & Company LLC

Fair Isaac (NYSE:FICO) had its price target lowered by Needham & Company LLC from $1,650.00 to $1,100.00 in a research report report published on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

FICO has been the topic of several other reports. Credit Suisse Group set a $1,150.00 price target on shares of Fair Isaac in a research note on Wednesday, September 30th. The Goldman Sachs Group set a $1,322.00 price objective on shares of Fair Isaac in a research note on Tuesday, September 29th. Raymond James Financial reiterated an “outperform” rating on shares of Fair Isaac in a research note on Wednesday, September 9th. 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 report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,143.50.

Fair Isaac Price Performance

FICO opened at $769.73 on Tuesday. The business has a fifty day simple moving average of $940.83 and a 200 day simple moving average of $1,076.78. The company has a market capitalization of $16.63 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 0.83 and a beta of 1.35. Fair Isaac has a 1 year low of $586.05 and a 1 year high of $1,858.91.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, beating analysts’ consensus estimates of $11.76 by $0.42. The firm had revenue of $674.19 million for the quarter, compared to analyst estimates of $679.17 million. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm posted $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Equities analysts anticipate that Fair Isaac will post 36.83 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Eva Manolis sold 967 shares of the stock in a transaction 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 sale, the director directly owned 498 shares of the company’s stock, valued at approximately $697,200. This represents a 66.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bayban acquired a new stake in Fair Isaac during the fourth quarter worth about $25,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $30,000. Western Wealth Management LLC acquired a new position in shares of Fair Isaac in the 1st quarter valued at approximately $29,000. Reflection Asset Management acquired a new position in shares of Fair Isaac in the 4th quarter valued at approximately $52,000. Finally, Versant Capital Management Inc raised its position in shares of Fair Isaac by 120.0% in the 2nd quarter. Versant Capital Management Inc now owns 44 shares of the technology company’s stock valued at $53,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation, known as FICO, develops analytics and software used by businesses to make decisions about credit, risk, fraud, customer engagement and other operational activities. The company is best known for the FICO Score, a credit-risk scoring system used by lenders to help evaluate consumer creditworthiness.

FICO’s offerings include credit scoring solutions, decision-management software, fraud detection and identity verification tools, and analytics platforms. Its products are used by financial institutions, insurers, retailers, telecommunications companies and other organizations to automate decisions, manage risk and improve customer relationships.