PNC Financial Services Group Inc. Increases Stake in Fair Isaac Corporation $FICO

PNC Financial Services Group Inc. increased its stake in Fair Isaac Corporation (NYSE:FICO) by 35.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,071 shares of the technology company’s stock after purchasing an additional 1,067 shares during the period. PNC Financial Services Group Inc.’s holdings in Fair Isaac were worth $7,442,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Fair Isaac by 29.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock worth $584,193,000 after buying an additional 72,518 shares during the period. Nuveen LLC purchased a new position in Fair Isaac in the 1st quarter worth $114,864,000. Vanguard Group Inc. raised its stake in Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock worth $5,463,202,000 after acquiring an additional 58,740 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Fair Isaac during the 2nd quarter worth about $85,183,000. Finally, Congress Asset Management Co. lifted its position in Fair Isaac by 261.2% during the 2nd quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company’s stock worth $89,164,000 after acquiring an additional 35,272 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.3%

Shares of NYSE:FICO opened at $1,742.98 on Monday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,400.00. The business has a 50 day moving average of $1,631.72 and a two-hundred day moving average of $1,660.10. The company has a market capitalization of $41.32 billion, a PE ratio of 68.17, a PEG ratio of 1.63 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. The business had revenue of $515.75 million for the quarter, compared to analysts’ expectations of $512.38 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $6.54 EPS. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. Equities research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of Fair Isaac stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. The trade was a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 20,432 shares of company stock worth $32,252,997 in the last quarter. 3.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FICO shares. Robert W. Baird increased their price objective on Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Raymond James Financial dropped their target price on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a research note on Monday, August 18th. Finally, Barclays increased their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,118.50.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.