B. Metzler seel. Sohn & Co. AG raised its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 40.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,158 shares of the technology company's stock after buying an additional 624 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Fair Isaac were worth $3,980,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac during the 1st quarter valued at $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac in the 1st quarter worth about $30,000. Meeder Asset Management Inc. lifted its position in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares during the period. Colonial Trust Co SC lifted its position in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 10 shares during the period. Finally, Mechanics Financial Corp purchased a new stake in shares of Fair Isaac in the 1st quarter worth about $46,000. Hedge funds and other institutional investors own 85.75% of the company's stock.
Fair Isaac Stock Performance
Shares of FICO stock traded down $36.84 during trading hours on Tuesday, reaching $1,484.81. The company had a trading volume of 115,978 shares, compared to its average volume of 271,808. The business has a fifty day moving average price of $1,534.57 and a 200-day moving average price of $1,742.40. The firm has a market cap of $35.64 billion, a PE ratio of 58.07, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51.
Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million during 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 firm's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.
Fair Isaac declared that its Board of Directors has authorized a stock repurchase plan on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.
Insider Activity at Fair Isaac
In related news, CEO William J. Lansing sold 3,811 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the sale, the chief executive officer directly owned 44,338 shares in the company, valued at approximately $69,432,864.62. The trade was a 7.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. This trade represents 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 valued at $22,247,892 over the last 90 days. 3.46% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research report on Monday, August 18th. Wells Fargo & Company reduced 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 research note on Wednesday, July 9th. Needham & Company LLC reduced their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Finally, 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. 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $2,134.57.
Read Our Latest Analysis on FICO
About Fair Isaac
(
Free Report)
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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