APG Asset Management N.V. Sells 513 Shares of Fair Isaac Corporation $FICO

Key Points

• APG Asset Management N.V. reduced its stake in Fair Isaac Corporation by 3.6%, bringing its ownership to 13,927 shares valued at approximately $23.8 million.
• Fair Isaac's shares have seen a 3.7% increase recently, with a current price of $1,412.58 and a market cap of $33.9 billion.
• The company reported earnings of $8.57 EPS, exceeding analyst expectations and showing a 19.8% increase in revenue year-over-year.

APG Asset Management N.V. trimmed its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,927 shares of the technology company's stock after selling 513 shares during the period. APG Asset Management N.V. owned 0.06% of Fair Isaac worth $23,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Fair Isaac by 2.0% in the 1st 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 during the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 worth $1,518,803,000 after purchasing an additional 3,677 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Fair Isaac by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after purchasing an additional 26,811 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Fair Isaac by 4.7% during the 1st 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 during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after acquiring an additional 258,092 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

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

Analyst Upgrades and Downgrades

FICO has been the topic of several recent analyst reports. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday, August 18th. Wells Fargo & Company cut their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. One equities research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $2,134.57.

Fair Isaac Stock Up 1.2%

Shares of Fair Isaac stock traded up $18.03 during trading on Friday, hitting $1,524.40. The stock had a trading volume of 487,709 shares, compared to its average volume of 271,824. The company has a market capitalization of $36.59 billion, a PE ratio of 59.68, a P/E/G ratio of 2.76 and a beta of 1.28. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The stock has a 50 day simple moving average of $1,547.43 and a 200 day simple moving average of $1,746.75.

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 for the quarter, beating the consensus estimate of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities analysts expect 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 repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.