PNC Financial Services Group Inc. Has $3.88 Million Stock Holdings in Fair Isaac Corporation $FICO

PNC Financial Services Group Inc. decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 13.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,637 shares of the technology company’s stock after selling 585 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fair Isaac were worth $3,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in FICO. Andra AP fonden boosted its holdings in shares of Fair Isaac by 424.4% during the first quarter. Andra AP fonden now owns 8,600 shares of the technology company’s stock worth $9,181,000 after purchasing an additional 6,960 shares during the period. Titan Global Capital Management USA LLC boosted its stake in shares of Fair Isaac by 1.1% during the 1st quarter. Titan Global Capital Management USA LLC now owns 8,084 shares of the technology company’s stock valued at $8,629,000 after buying an additional 91 shares during the period. AlTi Global Inc. grew its holdings in shares of Fair Isaac by 142.0% during the 1st quarter. AlTi Global Inc. now owns 530 shares of the technology company’s stock valued at $566,000 after acquiring an additional 311 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of Fair Isaac by 16.4% during the 1st quarter. Meeder Advisory Services Inc. now owns 291 shares of the technology company’s stock valued at $311,000 after acquiring an additional 41 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Fair Isaac by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 95,694 shares of the technology company’s stock worth $102,146,000 after acquiring an additional 1,588 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Trading Up 3.5%

Shares of NYSE:FICO opened at $1,281.22 on Tuesday. The stock has a market capitalization of $29.71 billion, a PE ratio of 40.58, a P/E/G ratio of 1.10 and a beta of 1.29. Fair Isaac Corporation has a 1 year low of $870.01 and a 1 year high of $1,998.01. The firm has a fifty day moving average price of $1,214.75 and a 200 day moving average price of $1,240.96.

Fair Isaac (NYSE:FICO) last posted its 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 for the quarter, compared to analyst estimates of $630.21 million. Fair Isaac had a negative return on equity of 41.04% and a net margin of 33.67%.The business’s revenue was up 38.7% compared to the same quarter last year. During the same period last year, the company earned $7.81 earnings per share. On average, sell-side analysts forecast that Fair Isaac Corporation will post 38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FICO shares. Bank of America reduced their price objective on Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,750.00 price target on shares of Fair Isaac in a research note on Wednesday, April 29th. Weiss Ratings upgraded Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Barclays lowered their price target on Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Finally, Mizuho started coverage on Fair Isaac in a report on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 price objective on the stock. Ten investment 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 presently has an average rating of “Moderate Buy” and an average target price of $1,627.93.

About Fair Isaac

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.