Vestcor Inc Sells 1,771 Shares of Fair Isaac Corporation $FICO

Vestcor Inc decreased its position in shares of Fair Isaac Corporation (NYSE:FICO) by 25.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,067 shares of the technology company’s stock after selling 1,771 shares during the quarter. Vestcor Inc’s holdings in Fair Isaac were worth $8,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S raised its stake in Fair Isaac by 0.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,195 shares of the technology company’s stock worth $13,855,000 after acquiring an additional 69 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in Fair Isaac during the 4th quarter worth approximately $11,758,000. WINTON GROUP Ltd raised its stake in Fair Isaac by 22.6% during the 4th quarter. WINTON GROUP Ltd now owns 477 shares of the technology company’s stock worth $806,000 after acquiring an additional 88 shares during the period. Parallel Advisors LLC raised its stake in Fair Isaac by 9.1% during the 4th quarter. Parallel Advisors LLC now owns 457 shares of the technology company’s stock worth $774,000 after acquiring an additional 38 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in Fair Isaac by 37.3% during the 4th quarter. Westfield Capital Management Co. LP now owns 44,593 shares of the technology company’s stock worth $75,390,000 after acquiring an additional 12,125 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

FICO stock opened at $1,140.90 on Friday. The firm has a fifty day moving average price of $1,104.45 and a 200 day moving average price of $1,381.60. Fair Isaac Corporation has a fifty-two week low of $870.01 and a fifty-two week high of $1,998.01. The firm has a market cap of $26.46 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 1.03 and a beta of 1.28.

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 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 firm had revenue of $691.68 million during the quarter, compared to analyst estimates of $630.21 million. During the same period last year, the firm posted $7.81 earnings per share. Fair Isaac’s revenue for the quarter was up 38.7% compared to the same quarter last year. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. On average, equities analysts predict that Fair Isaac Corporation will post 38.06 EPS for the current year.

Fair Isaac declared that its board has authorized a share repurchase plan on Wednesday, February 25th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on FICO. Robert W. Baird set a $1,549.00 target price on shares of Fair Isaac in a research note on Wednesday, April 29th. Wells Fargo & Company decreased their target price on shares of 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. Mizuho initiated coverage on shares of Fair Isaac in a research note on Thursday, April 16th. They set an “outperform” rating and a $1,416.00 target price on the stock. Raymond James Financial reiterated an “outperform” rating and set a $1,750.00 price objective on shares of Fair Isaac in a research report on Wednesday, April 29th. Finally, Bank of America reduced their price objective on shares of Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,619.36.

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.