Aberdeen Group plc increased its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 102.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,189 shares of the technology company's stock after buying an additional 6,660 shares during the quarter. Aberdeen Group plc owned 0.05% of Fair Isaac worth $23,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Nebula Research & Development LLC purchased a new stake in shares of Fair Isaac during the 4th quarter valued at approximately $2,540,000. CWA Asset Management Group LLC lifted its stake in shares of Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after acquiring an additional 19 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Fair Isaac by 4.5% in the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after purchasing an additional 17 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after buying an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Fair Isaac by 55.6% in the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock valued at $258,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on FICO shares. Barclays cut their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. 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 research note on Thursday, July 31st. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $2,134.57.
Get Our Latest Research Report on FICO
Insiders Place Their Bets
In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the transaction, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. This represents a 12.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,021 shares of company stock worth $22,247,892. Insiders own 3.46% of the company's stock.
Fair Isaac Stock Performance
Shares of NYSE:FICO traded up $47.0180 during midday trading on Friday, reaching $1,408.7380. The company's stock had a trading volume of 192,059 shares, compared to its average volume of 268,379. The firm has a market capitalization of $33.82 billion, a price-to-earnings ratio of 55.10, a PEG ratio of 2.62 and a beta of 1.28. The firm has a 50 day moving average price of $1,581.64 and a two-hundred day moving average price of $1,760.99. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51.
Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data 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. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same period last year, the business earned $6.25 EPS. The business's revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.
Fair Isaac announced that its board has initiated a share 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 shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.
About Fair Isaac
(
Free Report)
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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