Fair Isaac (NYSE:FICO) Stock Bumped Down to Neutral by Bank of America

Fair Isaac (NYSE:FICO) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. They presently have a $700.00 price target on the technology company’s stock. Bank of America‘s price objective would indicate a potential upside of 13.82% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a research note on Tuesday. Barclays reiterated an “overweight” rating and issued a $935.00 price objective on shares of Fair Isaac in a report on Wednesday. Wall Street Zen lowered Fair Isaac from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Wells Fargo & Company set a $950.00 price objective on shares of Fair Isaac in a research report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,650.00 price objective on shares of Fair Isaac in a research report on Thursday, July 30th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,332.50.

Fair Isaac Trading Down 26.9%

Fair Isaac stock opened at $615.01 on Wednesday. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 0.76 and a beta of 1.32. The firm has a 50 day simple moving average of $1,057.43 and a 200 day simple moving average of $1,111.06. Fair Isaac has a 1-year low of $595.19 and a 1-year high of $1,998.01.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share for the quarter, beating the consensus estimate of $11.76 by $0.42. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%.The firm had revenue of $674.19 million for the quarter, compared to analysts’ expectations of $679.17 million. During the same period in the prior year, the business posted $8.57 earnings per share. The company’s revenue was up 25.7% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, equities research analysts forecast that Fair Isaac will post 37.2 EPS for the current year.

Insider Activity at Fair Isaac

In other news, Director Eva Manolis sold 967 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the sale, the director owned 498 shares of the company’s stock, valued at $697,200. This trade represents a 66.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. XXEC Inc. bought a new position in Fair Isaac in the 2nd quarter worth $33,189,000. BlackRock Inc. bought a new position in shares of Fair Isaac in the second quarter worth approximately $2,491,517,000. Capital World Investors raised its holdings in Fair Isaac by 10.7% during the fourth quarter. Capital World Investors now owns 894,593 shares of the technology company’s stock valued at $1,512,417,000 after acquiring an additional 86,200 shares during the period. Capital International Investors lifted its holdings in Fair Isaac by 0.8% in the 4th quarter. Capital International Investors now owns 380,750 shares of the technology company’s stock worth $643,704,000 after purchasing an additional 2,867 shares in the last quarter. Finally, Primecap Management Co. CA bought a new position in Fair Isaac in the 2nd quarter worth approximately $433,508,000. 85.75% of the stock is currently owned by institutional investors.

Key Stories Impacting Fair Isaac

Here are the key news stories impacting Fair Isaac this week:

• Positive Sentiment: Fair Isaac’s latest reported quarter showed strong underlying performance: earnings exceeded estimates and revenue increased 25.7% year over year. However, this was not the primary focus of today’s trading. Why Fair Isaac Corporation Stock Is Falling Today

About Fair Isaac

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.