American Century Companies Inc. Has $712.99 Million Holdings in Fair Isaac Corporation $FICO

Key Points

• American Century Companies Inc. increased its stake in Fair Isaac Corporation by 4.7% in the first quarter, now holding 386,618 shares valued at approximately $712,985,000.
• Fair Isaac announced a stock repurchase program authorizing up to $1.00 billion to buy back shares, indicating management's belief that the stock is undervalued.
• Despite recent analyst downgrades, the consensus rating for Fair Isaac remains a "Buy", with an average target price of $2,163.14.

American Century Companies Inc. grew its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,618 shares of the technology company's stock after buying an additional 17,498 shares during the period. Fair Isaac makes up 0.4% of American Century Companies Inc.'s portfolio, making the stock its 25th biggest position. American Century Companies Inc. owned approximately 1.59% of Fair Isaac worth $712,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Ethic Inc. lifted its holdings in shares of Fair Isaac by 4.6% during the 1st quarter. Ethic Inc. now owns 3,036 shares of the technology company's stock valued at $5,673,000 after purchasing an additional 134 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of Fair Isaac by 102.0% during the 1st quarter. Aberdeen Group plc now owns 13,189 shares of the technology company's stock valued at $23,930,000 after purchasing an additional 6,660 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Fair Isaac by 5.1% during the 1st quarter. Horizon Investments LLC now owns 350 shares of the technology company's stock valued at $645,000 after purchasing an additional 17 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Fair Isaac by 89.7% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 2,804 shares of the technology company's stock valued at $5,171,000 after purchasing an additional 1,326 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Fair Isaac by 5.5% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 846 shares of the technology company's stock valued at $1,560,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the sale, the chief executive officer directly owned 44,338 shares of the company's stock, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,021 shares of company stock worth $22,247,892 over the last three months. Insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

Shares of FICO traded up $34.5020 during trading hours on Tuesday, reaching $1,384.6420. The stock had a trading volume of 365,846 shares, compared to its average volume of 267,820. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The stock has a market capitalization of $33.24 billion, a PE ratio of 54.15, a PEG ratio of 2.62 and a beta of 1.28. The company's 50-day moving average is $1,606.94 and its two-hundred day moving average is $1,769.68.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 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 firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the firm posted $6.25 earnings per share. The business's revenue for the quarter was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has authorized a stock buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James Financial cut their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Oppenheimer reduced their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Barclays reduced their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research 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. Finally, Wells Fargo & Company cut their target price on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,134.57.

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.