Berger Financial Group Inc Sells 303 Shares of Fair Isaac Corporation $FICO

Key Points

• Berger Financial Group Inc reduced its holdings in Fair Isaac Corporation by 11.5%, selling 303 shares and now owning a total of 2,342 shares valued at $4,281,000.
• CEO William J. Lansing sold 6,011 shares of the company, a reduction of 12.48% in their ownership, with the total transaction valued at approximately $9.24 million.
• Analysts have varying price targets for Fair Isaac, with Wells Fargo & Company setting the highest at $2,300, while the average target stands at $2,130.29, reflecting a consensus rating of "Moderate Buy."

Berger Financial Group Inc lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 11.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,342 shares of the technology company's stock after selling 303 shares during the period. Berger Financial Group Inc's holdings in Fair Isaac were worth $4,281,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 41.7% during the first 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. Baker Avenue Asset Management LP grew its position in shares of Fair Isaac by 4.6% during the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after buying an additional 5 shares during the period. City Holding Co. increased its stake in shares of Fair Isaac by 11.3% in the 1st quarter. City Holding Co. now owns 59 shares of the technology company's stock valued at $109,000 after acquiring an additional 6 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Fair Isaac by 4.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after acquiring an additional 6 shares during the last quarter. Finally, Forum Financial Management LP raised its position in shares of Fair Isaac by 2.2% in the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock valued at $507,000 after acquiring an additional 6 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $64,787,175. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 18,032 shares of company stock valued at $28,153,015. Insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

FICO has been the subject of a number of analyst reports. Wells Fargo & Company set a $2,300.00 price objective on shares of Fair Isaac in a report on Wednesday. UBS Group lifted their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Weiss Ratings restated a "hold (c)" rating on shares of Fair Isaac in a research report on Saturday, September 27th. Seaport Res Ptn raised Fair Isaac to a "strong-buy" rating in a research note on Wednesday. Finally, Raymond James Financial reduced their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $2,130.29.

Fair Isaac Trading Up 3.7%

FICO opened at $1,851.00 on Friday. The stock has a market capitalization of $44.42 billion, a P/E ratio of 72.39, a P/E/G ratio of 2.90 and a beta of 1.35. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The firm's fifty day simple moving average is $1,476.07 and its 200 day simple moving average is $1,702.09.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million during 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%.The company's revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has approved a share buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Fair Isaac Company 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.

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