Meiji Yasuda Asset Management Co Ltd. Sells 891 Shares of Fair Isaac Corporation $FICO

Meiji Yasuda Asset Management Co Ltd. cut its position in Fair Isaac Corporation (NYSE:FICO) by 60.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 592 shares of the technology company’s stock after selling 891 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Fair Isaac were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Ransom Advisory Ltd bought a new position in shares of Fair Isaac in the third quarter worth $30,000. Meeder Asset Management Inc. boosted its stake in Fair Isaac by 66.7% during the third quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 8 shares during the period. Root Financial Partners LLC bought a new stake in Fair Isaac during the third quarter valued at $30,000. Cornerstone Planning Group LLC grew its position in Fair Isaac by 280.0% during the third quarter. Cornerstone Planning Group LLC now owns 19 shares of the technology company’s stock worth $30,000 after buying an additional 14 shares in the last quarter. Finally, Strengthening Families & Communities LLC bought a new position in Fair Isaac in the 3rd quarter worth about $34,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Trading Down 2.4%

FICO opened at $1,441.03 on Tuesday. The stock has a market capitalization of $34.18 billion, a P/E ratio of 53.33, a PEG ratio of 1.42 and a beta of 1.28. The stock has a 50-day moving average price of $1,478.95 and a 200-day moving average price of $1,596.27. Fair Isaac Corporation has a 12-month low of $1,193.09 and a 12-month high of $2,217.60.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data 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. The company had revenue of $766.00 million for the quarter, compared to analysts’ expectations of $501.05 million. Fair Isaac had a negative return on equity of 40.98% and a net margin of 31.89%.Fair Isaac’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $5.79 EPS. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. On average, equities research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has initiated a stock repurchase plan on Wednesday, February 25th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, 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 completion of the sale, the director owned 11,204 shares of the company’s stock, valued at approximately $15,237,440. This represents a 3.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven P. Weber sold 1,426 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the transaction, the chief financial officer directly owned 2,804 shares in the company, valued at approximately $5,075,240. This represents a 33.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,825 shares of company stock valued at $4,657,565. 3.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the topic of several recent analyst reports. Wells Fargo & Company raised their price target on Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Needham & Company LLC restated a “buy” rating on shares of Fair Isaac in a research report on Thursday, February 26th. Bank of America assumed coverage on shares of Fair Isaac in a research note on Tuesday, February 17th. They issued a “buy” rating and a $1,900.00 target price on the stock. The Goldman Sachs Group dropped their target price on shares of Fair Isaac from $2,070.00 to $1,777.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, Jefferies Financial Group boosted their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,994.62.

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.