574 Shares in Fair Isaac Corporation $FICO Purchased by First Bank & Trust

Key Points

• First Bank & Trust acquired 574 shares of Fair Isaac Corporation ($FICO) for approximately $1,049,000, further indicating increased interest from institutional investors.
• Fair Isaac reported an impressive 19.8% year-over-year revenue increase to $536.42 million and exceeded earnings expectations with $8.57 earnings per share for the recent quarter.
• The company initiated a $1 billion share buyback plan, suggesting that its leadership believes the stock is currently undervalued.

First Bank & Trust purchased a new stake in Fair Isaac Corporation (NYSE:FICO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 574 shares of the technology company's stock, valued at approximately $1,049,000.

A number of other hedge funds have also recently bought and sold shares of the business. Geo Capital Gestora de Recursos Ltd acquired a new position in shares of Fair Isaac in the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fair Isaac in the first quarter worth $30,000. Meeder Asset Management Inc. increased its stake in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after buying an additional 5 shares during the last quarter. Mechanics Financial Corp acquired a new stake in Fair Isaac in the first quarter valued at $46,000. Finally, Hollencrest Capital Management boosted its stake in Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Stock Up 0.8%

Shares of NYSE FICO opened at $1,555.93 on Tuesday. The firm's 50-day moving average price is $1,471.54 and its two-hundred day moving average price is $1,724.91. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The stock has a market capitalization of $37.34 billion, a P/E ratio of 60.85, a P/E/G ratio of 3.01 and a beta of 1.35.

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

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

Analyst Ratings Changes

FICO has been the subject of several research analyst reports. Barclays dropped their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Needham & Company LLC decreased their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Wells Fargo & Company cut their price objective on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Finally, 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 report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $2,101.71.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 18,032 shares of company stock valued at $28,153,015 in the last quarter. Company insiders own 3.46% of the company's stock.

Fair Isaac Company 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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