Pictet Asset Management Holding SA Sells 35,201 Shares of Fair Isaac Corporation $FICO

Pictet Asset Management Holding SA lowered its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 61.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,277 shares of the technology company’s stock after selling 35,201 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Fair Isaac were worth $23,766,000 at the end of the most recent quarter.

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

Fair Isaac Trading Up 1.1%

Fair Isaac stock opened at $1,207.73 on Thursday. The company has a market cap of $28.01 billion, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 1.06 and a beta of 1.29. Fair Isaac Corporation has a 1-year low of $870.01 and a 1-year high of $1,998.01. The company has a fifty day simple moving average of $1,145.21 and a 200 day simple moving average of $1,301.71.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $12.50 EPS for the quarter, topping the consensus estimate 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 firm posted $7.81 EPS. The company’s revenue for the quarter 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, equities research analysts forecast that Fair Isaac Corporation will post 38.06 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,650.00 price objective on shares of Fair Isaac in a research report on Tuesday, June 9th. Robert W. Baird set a $1,549.00 target price on Fair Isaac in a report on Wednesday, April 29th. Raymond James Financial reissued an “outperform” rating and issued a $1,750.00 price target on shares of Fair Isaac in a research note on Wednesday, April 29th. Barclays reduced their price objective on Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Finally, Jefferies Financial Group decreased their price objective on Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating for the company in a report on Monday, May 4th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,626.50.

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.