AG2R LA Mondiale Gestion D Actifs Buys New Stake in Fair Isaac Corporation $FICO

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $1.69 million in Fair Isaac Corporation ($FICO) by purchasing 979 shares in the first quarter, reflecting the firm's interest in the technology sector.
• Fair Isaac's stock recently experienced a decrease of 3.3% and has a market capitalization of $37.06 billion, with a twelve-month price range between $1,300.00 and $2,402.51.
• The company announced a $1 billion stock buyback program, indicating that its management believes the shares are currently undervalued.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 979 shares of the technology company's stock, valued at approximately $1,690,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares in the last quarter. Baker Avenue Asset Management LP increased its position in shares of Fair Isaac by 4.6% during the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after purchasing an additional 5 shares in the last quarter. City Holding Co. increased its position in shares of Fair Isaac by 11.3% during the first quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after purchasing an additional 6 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Fair Isaac by 4.4% during the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock worth $262,000 after purchasing an additional 6 shares in the last quarter. Finally, Forum Financial Management LP increased its position in Fair Isaac by 2.2% in the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock valued at $507,000 after acquiring an additional 6 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the business's 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 transaction of $9,241,912.50. Following the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 18,032 shares of company stock worth $28,153,015. 3.46% of the stock is owned by insiders.

Fair Isaac Stock Performance

FICO traded down $45.01 during trading on Friday, reaching $1,477.09. The company's stock had a trading volume of 520,197 shares, compared to its average volume of 297,341. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The company's fifty day moving average price is $1,465.15 and its 200-day moving average price is $1,717.47. The company has a market capitalization of $35.45 billion, a price-to-earnings ratio of 57.77, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the previous year, the company earned $6.25 EPS. The firm's revenue for the quarter 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. Equities analysts predict 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 repurchase plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FICO. Wells Fargo & Company dropped their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Raymond James Financial dropped their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price target for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research report on Monday, August 18th. Finally, Needham & Company LLC dropped their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,101.71.

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.