Norges Bank Takes $490.21 Million Position in Fair Isaac Corporation $FICO

Norges Bank purchased a new stake in shares of Fair Isaac Corporation (NYSE:FICO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 289,958 shares of the technology company’s stock, valued at approximately $490,209,000. Norges Bank owned 1.22% of Fair Isaac as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Eurizon Capital SGR S.p.A. acquired a new position in shares of Fair Isaac during the fourth quarter valued at approximately $13,135,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Fair Isaac during the fourth quarter valued at approximately $216,000. National Pension Service increased its stake in shares of Fair Isaac by 12.2% during the fourth quarter. National Pension Service now owns 42,583 shares of the technology company’s stock valued at $71,992,000 after acquiring an additional 4,645 shares during the period. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Fair Isaac during the fourth quarter valued at approximately $73,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Fair Isaac by 5.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 727 shares of the technology company’s stock valued at $1,230,000 after acquiring an additional 35 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Up 0.0%

Shares of FICO opened at $1,250.88 on Monday. The business’s 50-day moving average price is $1,090.73 and its 200 day moving average price is $1,398.58. The stock has a market capitalization of $29.01 billion, a P/E ratio of 39.62, a P/E/G ratio of 1.10 and a beta of 1.28. Fair Isaac Corporation has a 1-year low of $870.01 and a 1-year high of $1,998.01.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $12.50 earnings per share for the quarter, topping analysts’ consensus estimates of $11.03 by $1.47. The firm had revenue of $691.68 million for the quarter, compared to analysts’ expectations of $630.21 million. Fair Isaac had a negative return on equity of 41.04% and a net margin of 33.67%.Fair Isaac’s revenue was up 38.7% on a year-over-year basis. During the same quarter last year, the business posted $7.81 EPS. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. On average, research analysts predict that Fair Isaac Corporation will post 38.06 earnings per share for the current year.

Fair Isaac declared that its board has authorized a stock repurchase program on Wednesday, February 25th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FICO. Mizuho began coverage on shares of Fair Isaac in a research note on Thursday, April 16th. They set an “outperform” rating and a $1,416.00 price objective on the stock. Robert W. Baird set a $1,549.00 target price on Fair Isaac in a report on Wednesday, April 29th. Jefferies Financial Group lowered their target price on Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Bank of America lowered their target price on Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Finally, UBS Group lowered their target price on Fair Isaac from $1,200.00 to $1,150.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,619.36.

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.