Norges Bank Makes New $490.21 Million Investment in Fair Isaac Corporation $FICO

Norges Bank bought a new stake in shares of Fair Isaac Corporation (NYSE:FICO) during the 4th quarter, HoldingsChannel reports. The firm bought 289,958 shares of the technology company’s stock, valued at approximately $490,209,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC grew its holdings in shares of Fair Isaac by 28.9% during the 3rd quarter. Natixis Advisors LLC now owns 14,721 shares of the technology company’s stock valued at $22,030,000 after acquiring an additional 3,302 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Fair Isaac during the 3rd quarter valued at $1,580,000. Soltis Investment Advisors LLC purchased a new position in shares of Fair Isaac during the 4th quarter valued at $2,379,000. Akre Capital Management LLC grew its holdings in shares of Fair Isaac by 2,751.4% during the 3rd quarter. Akre Capital Management LLC now owns 260,849 shares of the technology company’s stock valued at $390,368,000 after acquiring an additional 251,701 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after acquiring an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.0%

Shares of Fair Isaac stock opened at $1,250.88 on Monday. The stock has a market capitalization of $29.01 billion, a P/E ratio of 39.62, a PEG ratio of 1.10 and a beta of 1.28. The stock has a 50 day moving average price of $1,090.73 and a two-hundred day moving average price of $1,398.58. Fair Isaac Corporation has a 12-month low of $870.01 and a 12-month high of $1,998.01.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, April 28th. The technology company reported $12.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.03 by $1.47. The firm had revenue of $691.68 million during 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%.The company’s revenue was up 38.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.81 earnings per share. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. Sell-side analysts anticipate that Fair Isaac Corporation will post 38.06 earnings per share for the current year.

Fair Isaac announced that its board has initiated a share buyback plan on Wednesday, February 25th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

FICO has been the subject of several recent research reports. Jefferies Financial Group lowered their price target on Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating for the company in a research note on Monday, May 4th. UBS Group lowered their price target on Fair Isaac from $1,200.00 to $1,150.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings cut Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Wall Street Zen cut Fair Isaac from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Barclays decreased their price objective on shares of Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,619.36.

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.