Allspring Global Investments Holdings LLC Sells 36,966 Shares of Fair Isaac Corporation $FICO

Allspring Global Investments Holdings LLC reduced its position in Fair Isaac Corporation (NYSE:FICO) by 72.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 14,376 shares of the technology company’s stock after selling 36,966 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Fair Isaac were worth $15,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FICO. Northwestern Mutual Wealth Management Co. raised its position in Fair Isaac by 480,776.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,327,664 shares of the technology company’s stock valued at $5,625,815,000 after purchasing an additional 3,326,972 shares in the last quarter. Capital World Investors boosted its holdings in shares of Fair Isaac by 10.7% in the 4th quarter. Capital World Investors now owns 894,593 shares of the technology company’s stock valued at $1,512,417,000 after purchasing an additional 86,200 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Fair Isaac by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 719,120 shares of the technology company’s stock valued at $1,213,620,000 after purchasing an additional 8,886 shares during the last quarter. Morgan Stanley raised its holdings in shares of Fair Isaac by 2.3% during the 4th quarter. Morgan Stanley now owns 499,836 shares of the technology company’s stock worth $845,037,000 after buying an additional 11,363 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Fair Isaac by 13.4% during the 4th quarter. Principal Financial Group Inc. now owns 458,085 shares of the technology company’s stock worth $774,518,000 after buying an additional 53,980 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FICO shares. Wells Fargo & Company reduced their price objective on Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Robert W. Baird set a $1,549.00 target price on shares of Fair Isaac in a report on Wednesday, April 29th. The Goldman Sachs Group decreased their price target on shares of Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Barclays dropped their price objective on shares of 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. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,627.93.

Fair Isaac Trading Down 2.8%

Shares of FICO stock opened at $1,229.07 on Wednesday. The firm has a market capitalization of $28.50 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 1.12 and a beta of 1.29. The business’s 50-day moving average price is $1,204.37 and its 200-day moving average price is $1,252.50. Fair Isaac Corporation has a 12 month low of $870.01 and a 12 month high of $1,998.01.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $12.50 earnings per share (EPS) 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 analyst estimates of $630.21 million. During the same quarter last year, the business earned $7.81 EPS. The firm’s quarterly revenue was up 38.7% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. On average, sell-side analysts predict that Fair Isaac Corporation will post 38 earnings per share for the current fiscal year.

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.