Fair Isaac (NYSE:FICO) CEO William Lansing Sells 6,011 Shares

Key Points

• Fair Isaac CEO William Lansing sold 6,011 shares at an average price of $1,537.50, totaling over $9.24 million, and now owns 42,138 shares, marking a 12.48% decrease in his stake.
• Fair Isaac's stock experienced a 4.3% increase recently, reaching $1,595.52, amidst favorable earnings results showing a significant revenue growth of 19.8% year-over-year.
• The company initiated a $1 billion stock buyback plan in June 2023, signaling confidence from the board that the shares are undervalued.

Fair Isaac Corporation (NYSE:FICO - Get Free Report) CEO William Lansing sold 6,011 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Fair Isaac Stock Up 4.3%

Shares of FICO traded up $65.16 during mid-day trading on Thursday, hitting $1,595.52. 300,413 shares of the company's stock traded hands, compared to its average volume of 274,607. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The firm has a market capitalization of $38.29 billion, a P/E ratio of 62.40, a PEG ratio of 3.01 and a beta of 1.35. The business's 50-day moving average price is $1,489.19 and its 200-day moving average price is $1,731.73.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same period in the previous year, the firm earned $6.25 earnings per share. The business's revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has initiated a stock buyback plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Edgewood Management LLC purchased a new stake in Fair Isaac during the 2nd quarter valued at $612,785,000. GAMMA Investing LLC boosted its stake in Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after purchasing an additional 258,092 shares during the last quarter. Norges Bank purchased a new stake in Fair Isaac during the 2nd quarter valued at $365,831,000. Brown Advisory Inc. boosted its stake in Fair Isaac by 2,047.5% during the 2nd quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company's stock valued at $181,676,000 after purchasing an additional 94,759 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Fair Isaac by 29.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company's stock valued at $584,193,000 after purchasing an additional 72,518 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FICO. BMO Capital Markets increased their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Needham & Company LLC decreased their target price on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Oppenheimer decreased their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company decreased their target price on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $2,098.14.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.

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