Amundi Grows Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Amundi has increased its stake in Fair Isaac Corporation (NYSE:FICO) by 27.3%, owning 80,639 shares valued at $145.2 million.
• Wall Street analysts have given a consensus rating of "Moderate Buy" for Fair Isaac, with an average price target of $2,134.57 as of the latest research updates.
• Fair Isaac reported earnings of $8.57 per share, exceeding estimates and showcasing a 19.8% year-over-year revenue increase to $536.42 million.

Amundi raised its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 80,639 shares of the technology company's stock after acquiring an additional 17,312 shares during the quarter. Amundi owned approximately 0.33% of Fair Isaac worth $145,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWA Asset Management Group LLC grew its holdings in Fair Isaac by 15.1% in the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after purchasing an additional 19 shares during the period. QRG Capital Management Inc. boosted its holdings in Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after acquiring an additional 17 shares during the last quarter. Brighton Jones LLC boosted its holdings in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the last quarter. GAMMA Investing LLC boosted its position in Fair Isaac by 55.6% in the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after purchasing an additional 50 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Fair Isaac by 692.2% in the 4th quarter. Tidal Investments LLC now owns 14,133 shares of the technology company's stock worth $28,138,000 after buying an additional 12,349 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $4.67 during trading on Wednesday, reaching $1,551.23. 93,898 shares of the stock traded hands, compared to its average volume of 272,255. The stock has a 50-day moving average of $1,495.33 and a two-hundred day moving average of $1,733.11. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The stock has a market cap of $37.23 billion, a P/E ratio of 60.65, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.Fair Isaac's revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has authorized a share buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on 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 transaction, the chief executive officer owned 42,138 shares in the company, valued at $63,284,533.92. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 12,021 shares of company stock valued at $18,911,102 over the last quarter. Company insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays dropped their price target on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. BMO Capital Markets lifted their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research note on Monday, August 18th. Finally, UBS Group lifted their target price on shares of Fair Isaac from $1,540.00 to $1,590.00 and gave the stock a "neutral" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and a consensus target price of $2,098.14.

About Fair Isaac

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.