Needham & Company LLC Issues Pessimistic Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO) had its price objective dropped by equities researchers at Needham & Company LLC from $1,650.00 to $1,100.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 52.97% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Susquehanna set a $700.00 price target on shares of Fair Isaac in a research note on Wednesday, September 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Fair Isaac in a research note on Tuesday, September 29th. Mizuho set a $1,344.00 price objective on shares of Fair Isaac in a research report on Tuesday, September 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Fair Isaac in a research report on Tuesday, September 29th. Finally, Griffin Securities set a $1,150.00 price objective on shares of Fair Isaac in a research note on Thursday, October 1st. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.50.

Fair Isaac Trading Down 0.5%

Fair Isaac stock opened at $719.12 on Tuesday. Fair Isaac has a twelve month low of $586.05 and a twelve month high of $1,858.91. The stock has a 50 day moving average of $946.07 and a two-hundred day moving average of $1,078.49. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.82 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $12.18 earnings per share 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 net margin of 34.05% and a negative return on equity of 32.51%. Fair Isaac’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the firm posted $8.57 EPS. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Equities analysts predict that Fair Isaac will post 36.83 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Eva Manolis sold 967 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total value of $1,353,800.00. Following the sale, the director directly owned 498 shares in the company, valued at $697,200. This represents a 66.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.02% of the company’s stock.

Institutional Trading of Fair Isaac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at $1,737,000. Bank of America Corp DE increased its holdings in shares of Fair Isaac by 5.7% during 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Fair Isaac in the 2nd quarter worth $67,760,000. Quantinno Capital Management LP raised its position in shares of Fair Isaac by 44.9% in the 1st quarter. Quantinno Capital Management LP now owns 15,582 shares of the technology company’s stock worth $16,635,000 after buying an additional 4,830 shares during the period. Finally, BlackRock Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter worth $2,491,517,000. Hedge funds and other institutional investors 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.