Fair Isaac Corporation $FICO Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. has reduced its stake in Fair Isaac Corporation by 42.8% in the first quarter, now holding 182,539 shares valued at approximately $336.6 million.
• Several hedge funds have increased their positions in Fair Isaac, with Meeder Asset Management boosting its stake by 41.7%, now owning 17 shares worth $31,000.
• Fair Isaac's stock price is currently around $1,519.34 with a market cap of $36.46 billion, having reported earnings per share of $8.57 for the last quarter, exceeding analysts' expectations.

Alliancebernstein L.P. lowered its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 42.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 182,539 shares of the technology company's stock after selling 136,413 shares during the quarter. Alliancebernstein L.P. owned 0.75% of Fair Isaac worth $336,631,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. AQR Capital Management LLC boosted its holdings in Fair Isaac by 3.1% during the first quarter. AQR Capital Management LLC now owns 86,235 shares of the technology company's stock worth $155,570,000 after buying an additional 2,577 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Fair Isaac by 22.1% during the first quarter. Advisors Asset Management Inc. now owns 249 shares of the technology company's stock worth $459,000 after purchasing an additional 45 shares during the last quarter. Amundi grew its holdings in Fair Isaac by 27.3% in the 1st quarter. Amundi now owns 80,639 shares of the technology company's stock valued at $145,235,000 after buying an additional 17,312 shares during the period. 11 Capital Partners LP raised its stake in Fair Isaac by 84.6% during the first quarter. 11 Capital Partners LP now owns 7,748 shares of the technology company's stock worth $14,289,000 after purchasing an additional 3,550 shares during the period. Finally, Federation des caisses Desjardins du Quebec grew its position in Fair Isaac by 14.6% during the first quarter. Federation des caisses Desjardins du Quebec now owns 4,612 shares of the technology company's stock valued at $8,505,000 after acquiring an additional 587 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 0.7%

Fair Isaac stock traded up $11.37 during midday trading on Tuesday, hitting $1,549.57. The stock had a trading volume of 114,310 shares, compared to its average volume of 272,892. The stock has a market cap of $37.19 billion, a P/E ratio of 60.49, a P/E/G ratio of 2.98 and a beta of 1.35. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The business has a fifty day moving average price of $1,501.26 and a 200 day moving average price of $1,734.41.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) 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 business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the previous year, the firm posted $6.25 EPS. The business'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. On average, equities analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a share repurchase program on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. UBS Group increased their price target on Fair Isaac from $1,540.00 to $1,590.00 and gave the company a "neutral" rating in a report on Monday. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a research note on Monday, August 18th. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Finally, Oppenheimer dropped their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,098.14.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $63,284,533.92. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 12,021 shares of company stock worth $18,911,102. 3.46% of the stock is currently owned by insiders.

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.