Handelsbanken Fonder AB Cuts Stock Holdings in Fair Isaac Corporation $FICO

Handelsbanken Fonder AB trimmed its holdings in shares of Fair Isaac Corporation (NYSE:FICOFree Report) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,004 shares of the technology company’s stock after selling 2,472 shares during the period. Handelsbanken Fonder AB’s holdings in Fair Isaac were worth $13,532,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC boosted its holdings in shares of Fair Isaac by 4.4% during the fourth quarter. ProShare Advisors LLC now owns 5,353 shares of the technology company’s stock worth $9,050,000 after purchasing an additional 227 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Fair Isaac by 83.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,985 shares of the technology company’s stock worth $5,047,000 after purchasing an additional 1,360 shares during the period. Integrated Investment Consultants LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth about $264,000. North Dakota State Investment Board purchased a new stake in shares of Fair Isaac during the fourth quarter worth about $1,358,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth about $42,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Eva Manolis sold 520 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $1,227.63, for a total transaction of $638,367.60. Following the completion of the transaction, the director owned 344 shares of the company’s stock, valued at approximately $422,304.72. This trade represents a 60.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.02% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their target price 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. Needham & Company LLC dropped their target price on shares of Fair Isaac from $1,975.00 to $1,650.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. UBS Group dropped their target price on shares of Fair Isaac from $1,200.00 to $1,150.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company lowered their price objective on shares of Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Mizuho started coverage on shares of Fair Isaac in a report on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $1,619.36.

Read Our Latest Report on Fair Isaac

Fair Isaac Price Performance

Shares of FICO opened at $1,228.24 on Friday. Fair Isaac Corporation has a one year low of $870.01 and a one year high of $1,998.01. The company has a 50-day simple moving average of $1,078.37 and a two-hundred day simple moving average of $1,416.10. The firm has a market capitalization of $28.48 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24.

Fair Isaac (NYSE:FICOGet Free Report) last announced its earnings results on Tuesday, April 28th. The technology company reported $12.50 earnings per share for the quarter, beating analysts’ consensus estimates of $11.03 by $1.47. Fair Isaac had a net margin of 33.67% and a negative return on equity of 41.04%. The business had revenue of $691.68 million during the quarter, compared to the consensus estimate of $630.21 million. During the same quarter last year, the firm earned $7.81 earnings per share. The business’s revenue for the quarter was up 38.7% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. Analysts expect that Fair Isaac Corporation will post 37.99 EPS for the current fiscal year.

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

Fair Isaac Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FICO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fair Isaac Corporation (NYSE:FICOFree Report).

Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

Receive News & Ratings for Fair Isaac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac and related companies with MarketBeat.com's FREE daily email newsletter.