Allspring Global Investments Holdings LLC Has $84.95 Million Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Fair Isaac Corporation by 18.3%, now owning approximately $84.95 million worth of stock.
• Fair Isaac's recent earnings report revealed an EPS of $8.57, exceeding expectations and indicating a 19.8% increase in quarterly revenue compared to last year.
• Multiple analysts have given Fair Isaac a variety of ratings, with a consensus rating of "Moderate Buy" and a target price of $2,130.29.

Allspring Global Investments Holdings LLC grew its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,087 shares of the technology company's stock after purchasing an additional 7,121 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.19% of Fair Isaac worth $84,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FICO. Meeder Asset Management Inc. raised its stake in Fair Isaac by 41.7% during the 1st 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 period. Baker Avenue Asset Management LP increased its holdings 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 valued at $209,000 after acquiring an additional 5 shares in the last quarter. Valeo Financial Advisors LLC raised 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 during the period. Forum Financial Management LP lifted its holdings in shares of Fair Isaac by 2.2% in the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock worth $507,000 after purchasing an additional 6 shares in the last quarter. Finally, Ironwood Investment Counsel LLC lifted its holdings in shares of Fair Isaac by 5.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company's stock worth $201,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Needham & Company LLC reissued a "buy" rating and set a $1,950.00 target price on shares of Fair Isaac in a research report on Thursday, October 2nd. Raymond James Financial dropped 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 report on Thursday, July 31st. Seaport Res Ptn upgraded Fair Isaac to a "strong-buy" rating in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company set a $2,300.00 price objective on Fair Isaac in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $2,130.29.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,650.00 on Tuesday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The company has a 50-day simple moving average of $1,510.43 and a two-hundred day simple moving average of $1,695.26. The company has a market capitalization of $39.60 billion, a price-to-earnings ratio of 64.53, a PEG ratio of 1.83 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same quarter last year, the firm earned $6.25 EPS. The company's quarterly revenue 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, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has authorized a share buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the business'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 transaction, the chief executive officer owned 42,138 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 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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