Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in Fair Isaac Corporation $FICO

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Fair Isaac Corporation (NYSE:FICO) by 4.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 51,971 shares of the technology company’s stock after selling 2,252 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Fair Isaac were worth $55,481,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after acquiring an additional 302 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of Fair Isaac by 5.7% in the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock worth $207,000 after acquiring an additional 6 shares during the last quarter. Woodline Partners LP boosted its position in shares of Fair Isaac by 46.1% in the first quarter. Woodline Partners LP now owns 2,138 shares of the technology company’s stock worth $3,943,000 after acquiring an additional 675 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Fair Isaac by 18.0% in the second quarter. Treasurer of the State of North Carolina now owns 14,037 shares of the technology company’s stock valued at $25,659,000 after purchasing an additional 2,146 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Fair Isaac by 16.1% in the second quarter. Alliancebernstein L.P. now owns 211,947 shares of the technology company’s stock valued at $387,431,000 after purchasing an additional 29,408 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

FICO traded down $24.60 on Friday, reaching $1,254.81. 212,938 shares of the company’s stock were exchanged, compared to its average volume of 271,765. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01. The company’s 50 day moving average is $1,182.56 and its 200-day moving average is $1,280.16. The company has a market cap of $29.10 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 1.10 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $630.21 million. During the same period in the previous year, the company posted $7.81 earnings per share. Fair Isaac’s revenue 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. Sell-side analysts forecast that Fair Isaac Corporation will post 38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FICO. Robert W. Baird set a $1,549.00 price target on shares of Fair Isaac in a research note on Wednesday, April 29th. 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 price objective for the company. Barclays dropped their price objective on Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Wells Fargo & Company cut their target price on Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $1,750.00 target price on shares of Fair Isaac in a report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $1,627.93.

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.