Employees Retirement System of Texas Increases Position in Fair Isaac Corporation $FICO

Employees Retirement System of Texas increased its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 183.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 728 shares of the technology company’s stock after purchasing an additional 471 shares during the quarter. Employees Retirement System of Texas’ holdings in Fair Isaac were worth $1,231,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Harbour Investments Inc. boosted its stake in Fair Isaac by 82.4% in the fourth quarter. Harbour Investments Inc. now owns 31 shares of the technology company’s stock valued at $52,000 after acquiring an additional 14 shares in the last quarter. Allstate Corp grew its stake in shares of Fair Isaac by 102.8% during the fourth quarter. Allstate Corp now owns 1,817 shares of the technology company’s stock worth $3,072,000 after acquiring an additional 921 shares during the last quarter. Clearstead Trust LLC increased its holdings in shares of Fair Isaac by 2,970.0% during the fourth quarter. Clearstead Trust LLC now owns 307 shares of the technology company’s stock valued at $519,000 after acquiring an additional 297 shares in the last quarter. Clearstead Advisors LLC raised its position in shares of Fair Isaac by 56.8% in the 4th quarter. Clearstead Advisors LLC now owns 127 shares of the technology company’s stock valued at $215,000 after purchasing an additional 46 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its stake in Fair Isaac by 119.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 2,891 shares of the technology company’s stock worth $4,888,000 after purchasing an additional 1,573 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 1.5%

Shares of FICO opened at $1,278.86 on Thursday. The company has a market capitalization of $29.66 billion, a price-to-earnings ratio of 40.51, a PEG ratio of 1.11 and a beta of 1.24. Fair Isaac Corporation has a 52 week low of $870.01 and a 52 week high of $1,998.01. The stock’s 50-day moving average price is $1,087.79 and its 200-day moving average price is $1,405.23.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $12.50 earnings per share for the quarter, beating the consensus estimate of $11.03 by $1.47. The company 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%.Fair Isaac’s quarterly revenue was up 38.7% on a year-over-year basis. During the same period last year, the business earned $7.81 earnings per share. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. As a group, equities analysts anticipate that Fair Isaac Corporation will post 37.99 EPS for the current fiscal year.

Fair Isaac declared that its board has authorized a share repurchase plan on Wednesday, February 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to buy up to 5.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

FICO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Wells Fargo & Company cut their target price on Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and issued a $1,750.00 target price on shares of Fair Isaac in a research note on Wednesday, April 29th. The Goldman Sachs Group lowered their price target on Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Needham & Company LLC dropped their price target on Fair Isaac from $1,975.00 to $1,650.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.