M&T Bank Corp Trims Stock Holdings in Fair Isaac Corporation $FICO

M&T Bank Corp lowered its holdings in Fair Isaac Corporation (NYSE:FICO) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,914 shares of the technology company’s stock after selling 568 shares during the period. M&T Bank Corp’s holdings in Fair Isaac were worth $4,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FICO. Capital World Investors lifted its holdings in Fair Isaac by 874.4% during the 3rd quarter. Capital World Investors now owns 808,393 shares of the technology company’s stock worth $1,209,784,000 after buying an additional 725,432 shares during the last quarter. Capital International Investors increased its holdings in shares of Fair Isaac by 402.8% in the 3rd quarter. Capital International Investors now owns 377,883 shares of the technology company’s stock valued at $565,513,000 after acquiring an additional 302,734 shares during the last quarter. Akre Capital Management LLC increased its holdings in shares of Fair Isaac by 2,751.4% in the 3rd quarter. Akre Capital Management LLC now owns 260,849 shares of the technology company’s stock valued at $390,368,000 after acquiring an additional 251,701 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of Fair Isaac by 871.2% in the 3rd quarter. Primecap Management Co. CA now owns 180,650 shares of the technology company’s stock valued at $270,348,000 after acquiring an additional 162,050 shares during the last quarter. Finally, Kensico Capital Management Corp increased its holdings in shares of Fair Isaac by 30.4% in the 3rd quarter. Kensico Capital Management Corp now owns 324,880 shares of the technology company’s stock valued at $486,193,000 after acquiring an additional 75,700 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other news, Director Eva Manolis sold 520 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,227.63, for a total transaction of $638,367.60. Following the sale, the director directly owned 344 shares in the company, valued at approximately $422,304.72. This represents a 60.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joanna Rees sold 358 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $1,360.00, for a total value of $486,880.00. Following the sale, the director owned 11,204 shares in the company, valued at $15,237,440. The trade was a 3.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.02% of the stock is currently owned by corporate insiders.

Fair Isaac Trading Up 0.1%

Shares of Fair Isaac stock opened at $1,067.65 on Thursday. The business’s 50 day simple moving average is $1,134.67 and its 200-day simple moving average is $1,453.59. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 0.94 and a beta of 1.24. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $2,217.60.

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, topping analysts’ consensus estimates of $11.03 by $1.47. The business had revenue of $691.68 million for the quarter, compared to analysts’ expectations of $630.21 million. Fair Isaac had a negative return on equity of 41.04% and a net margin of 33.67%.The business’s quarterly revenue was up 38.7% on a year-over-year basis. During the same period in the prior year, the firm earned $7.81 EPS. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. Sell-side analysts predict that Fair Isaac Corporation will post 37.99 earnings per share for the current year.

Fair Isaac announced that its board has approved a stock repurchase plan on Wednesday, February 25th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America assumed coverage on Fair Isaac in a report on Tuesday, February 17th. They issued a “buy” rating and a $1,900.00 price target for the company. Barclays lowered their price target 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. Raymond James Financial reiterated an “outperform” rating and issued a $1,750.00 price target on shares of Fair Isaac in a report on Wednesday, April 29th. Jefferies Financial Group lowered their price target on Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $1,655.07.

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.