Westfield Capital Management Co. LP Sells 9,836 Shares of Fair Isaac Corporation $FICO

Westfield Capital Management Co. LP lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 23.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,468 shares of the technology company’s stock after selling 9,836 shares during the period. Westfield Capital Management Co. LP owned approximately 0.14% of Fair Isaac worth $48,589,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FICO. Heartland Bank & Trust Co boosted its holdings in shares of Fair Isaac by 1.3% in the third quarter. Heartland Bank & Trust Co now owns 464 shares of the technology company’s stock valued at $694,000 after buying an additional 6 shares during the period. Great Lakes Advisors LLC raised its holdings in shares of Fair Isaac by 5.7% during 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 period. Meeder Asset Management Inc. lifted its position in Fair Isaac by 66.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 8 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Fair Isaac by 5.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 143 shares of the technology company’s stock worth $214,000 after purchasing an additional 8 shares during the period. Finally, Hollencrest Capital Management raised its stake in shares of Fair Isaac by 36.0% in the 3rd quarter. Hollencrest Capital Management now owns 34 shares of the technology company’s stock valued at $51,000 after purchasing an additional 9 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,426 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the sale, the chief financial officer owned 2,804 shares in the company, valued at $5,075,240. This represents a 33.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eva Manolis sold 521 shares of Fair Isaac stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the transaction, the director owned 344 shares of the company’s stock, valued at $628,085.52. This represents a 60.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,305 shares of company stock worth $4,019,197. Company insiders own 3.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. The Goldman Sachs Group reduced their price target on Fair Isaac from $2,070.00 to $1,777.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Needham & Company LLC reissued a “buy” rating on shares of Fair Isaac in a research report on Thursday. Bank of America began coverage on shares of Fair Isaac in a research report on Tuesday, February 17th. They issued a “buy” rating and a $1,900.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,994.62.

Fair Isaac Trading Up 6.8%

Shares of FICO opened at $1,389.09 on Friday. The company’s fifty day simple moving average is $1,520.58 and its 200 day simple moving average is $1,587.73. Fair Isaac Corporation has a 1-year low of $1,193.09 and a 1-year high of $2,217.60. The company has a market cap of $32.95 billion, a price-to-earnings ratio of 51.41, a PEG ratio of 1.25 and a beta of 1.27.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.08 by $0.25. The firm had revenue of $766.00 million during the quarter, compared to analysts’ expectations of $501.05 million. Fair Isaac had a net margin of 31.89% and a negative return on equity of 40.98%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $5.79 earnings per share. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. As a group, research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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.