Ameriprise Financial Inc. Has $115.33 Million Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Ameriprise Financial Inc. boosted its stake in Fair Isaac Corporation by 56.7% in Q1, owning approximately 0.26% of the company valued at $115.3 million.
• Insiders at Fair Isaac have sold a total of 13,021 shares worth $22.2 million in the last ninety days, indicating a decrease in their positions.
• Fair Isaac's quarterly earnings report showed an EPS of $8.57, exceeding estimates, with a revenue increase of 19.8% year-over-year.

Ameriprise Financial Inc. raised its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 56.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,536 shares of the technology company's stock after purchasing an additional 22,624 shares during the period. Ameriprise Financial Inc. owned 0.26% of Fair Isaac worth $115,327,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Fair Isaac by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after acquiring an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Fair Isaac by 0.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock valued at $1,518,803,000 after purchasing an additional 3,677 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after purchasing an additional 26,811 shares during the last quarter. American Century Companies Inc. boosted its holdings in Fair Isaac by 4.7% in the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock worth $712,985,000 after purchasing an additional 17,498 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after purchasing an additional 258,092 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,021 shares of company stock valued at $22,247,892. 3.46% of the stock is owned by company insiders.

Fair Isaac Price Performance

Shares of NYSE FICO traded up $11.64 during mid-day trading on Friday, hitting $1,518.01. The company had a trading volume of 453,623 shares, compared to its average volume of 271,452. 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 cap of $36.43 billion, a P/E ratio of 59.46, a PEG ratio of 2.76 and a beta of 1.28. The business's 50-day simple moving average is $1,547.43 and its 200-day simple moving average is $1,746.75.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the prior year, the firm posted $6.25 EPS. The company'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. As a group, sell-side analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has initiated a share buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in 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 an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FICO shares. Barclays reduced their price target 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. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their target price for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. 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. Finally, Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus price target 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.