PNC Financial Services Group Inc. Sells 585 Shares of Fair Isaac Corporation $FICO

PNC Financial Services Group Inc. cut its position in Fair Isaac Corporation (NYSE:FICO) by 13.9% during the first quarter, HoldingsChannel.com reports. 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.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings 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 acquiring an additional 3,326,972 shares during the period. Capital Research Global Investors bought a new position in shares of Fair Isaac in the fourth quarter worth about $516,615,000. Norges Bank acquired a new position in shares of Fair Isaac during the 4th quarter worth about $490,209,000. Capital World Investors lifted its position in shares of Fair Isaac by 10.7% during the 4th quarter. Capital World Investors now owns 894,593 shares of the technology company’s stock worth $1,512,417,000 after purchasing an additional 86,200 shares during the last quarter. Finally, Primecap Management Co. CA boosted its stake in Fair Isaac by 34.7% during the 4th quarter. Primecap Management Co. CA now owns 243,374 shares of the technology company’s stock valued at $411,453,000 after purchasing an additional 62,724 shares during the period. Institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on FICO shares. Wells Fargo & Company lowered their target price on Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $1,650.00 price target on shares of Fair Isaac in a report on Tuesday, June 9th. 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 restated an “outperform” rating and issued a $1,750.00 price objective on shares of Fair Isaac in a research note on Wednesday, April 29th. Finally, Mizuho started coverage on shares of Fair Isaac in a research report on Thursday, April 16th. They set an “outperform” rating and a $1,416.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,627.93.

Fair Isaac Stock Up 3.5%

FICO stock opened at $1,281.22 on Tuesday. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01. The company has a market cap of $29.71 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 1.10 and a beta of 1.29. The business’s 50-day simple moving average is $1,214.75 and its 200 day simple moving average is $1,240.96.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $12.50 EPS for the quarter, beating the consensus estimate of $11.03 by $1.47. Fair Isaac had a negative return on equity of 41.04% and a net margin of 33.67%.The firm had revenue of $691.68 million during the quarter, compared to analysts’ expectations of $630.21 million. During the same quarter in the prior year, the firm posted $7.81 EPS. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. On average, equities research analysts anticipate that Fair Isaac Corporation will post 38 EPS for the current year.

Fair Isaac 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.