259 Shares in Fair Isaac Corporation $FICO Acquired by Realta Investment Advisors

Key Points

• Realta Investment Advisors acquired a new position in Fair Isaac Corporation by purchasing 259 shares valued at approximately $473,000 during the second quarter.
• CEO William J. Lansing sold 6,011 shares of Fair Isaac stock worth over $9.2 million, resulting in a 12.48% decrease in his position.
• Fair Isaac has authorized a $1 billion stock buyback plan, indicating management's belief that the stock is undervalued.

Realta Investment Advisors bought a new position in Fair Isaac Corporation (NYSE:FICO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 259 shares of the technology company's stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FICO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Fair Isaac by 29.7% in 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 worth $584,193,000 after acquiring an additional 72,518 shares during the period. Nuveen LLC purchased a new stake in Fair Isaac in the 1st quarter worth approximately $114,864,000. Vanguard Group Inc. grew its stake in Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after acquiring an additional 58,740 shares during the period. Congress Asset Management Co. grew its stake in Fair Isaac by 261.2% in the 2nd quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company's stock worth $89,164,000 after acquiring an additional 35,272 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Fair Isaac by 173.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 51,354 shares of the technology company's stock worth $94,705,000 after acquiring an additional 32,544 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 18,032 shares of company stock worth $28,153,015. Insiders own 3.46% of the company's stock.

Fair Isaac Trading Up 3.7%

NYSE:FICO opened at $1,851.00 on Friday. The firm has a market capitalization of $44.42 billion, a price-to-earnings ratio of 72.39, a PEG ratio of 2.90 and a beta of 1.35. The firm's fifty day simple moving average is $1,476.07 and its 200 day simple moving average is $1,702.09. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

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 for the quarter, beating the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has authorized 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 reacquire up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on FICO. Oppenheimer lowered their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. BMO Capital Markets lifted their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a report on Monday, August 18th. Raymond James Financial decreased their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a report on Monday, August 18th. Finally, Barclays lifted their price target on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $2,130.29.

Fair Isaac Profile

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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