Aberdeen Group plc Has $24.86 Million Stake in Fair Isaac Corporation $FICO

Aberdeen Group plc boosted its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 3.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,600 shares of the technology company's stock after purchasing an additional 411 shares during the period. Aberdeen Group plc owned 0.06% of Fair Isaac worth $24,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. increased its holdings in Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after purchasing an additional 5 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in Fair Isaac by 4.6% during the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock valued at $209,000 after purchasing an additional 5 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Fair Isaac by 4.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after purchasing an additional 6 shares in the last quarter. Forum Financial Management LP increased its holdings in Fair Isaac by 2.2% during the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock valued at $507,000 after purchasing an additional 6 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its holdings in Fair Isaac by 5.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company's stock valued at $201,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Down 0.9%

NYSE:FICO opened at $1,650.00 on Tuesday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The firm has a market capitalization of $39.60 billion, a P/E ratio of 64.53, a P/E/G ratio of 1.83 and a beta of 1.35. The stock's fifty day simple moving average is $1,510.43 and its 200-day simple moving average is $1,695.26.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping 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 negative return on equity of 48.88% and a net margin of 32.80%.The firm's revenue was up 19.8% on a year-over-year basis. During the same period last year, the company 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 authorized a stock buyback program on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently commented on FICO. Barclays lifted their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Needham & Company LLC reissued a "buy" rating and issued a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday, October 2nd. Seaport Res Ptn raised Fair Isaac to a "strong-buy" rating in a research note on Wednesday, October 1st. UBS Group lifted their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a "neutral" rating in a research note on Monday, September 15th. Finally, Oppenheimer cut Fair Isaac from an "outperform" rating to a "market perform" rating in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average target price of $2,130.29.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction dated Tuesday, September 9th. The stock was 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 directly owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.

Want to see what other hedge funds are holding FICO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fair Isaac Corporation (NYSE:FICO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.