BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stake in Fair Isaac Corporation $FICO

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Fair Isaac Corporation by 24.6%, acquiring 847 additional shares, bringing its total to 4,287 shares valued at approximately $7.9 million.
• Fair Isaac reported $8.57 earnings per share for the latest quarter, exceeding analyst expectations, with revenue of $536.42 million, marking a 19.8% increase year-over-year.
• Recent analyst ratings show that 11 analysts have a "buy" rating on Fair Isaac, with a consensus target price of $2,134.57.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 24.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,287 shares of the technology company's stock after buying an additional 847 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Fair Isaac were worth $7,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FICO. N.E.W. Advisory Services LLC bought a new position in Fair Isaac in the 1st quarter valued at about $30,000. Meeder Asset Management Inc. raised its stake in shares of Fair Isaac by 41.7% in 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 last quarter. Colonial Trust Co SC lifted its holdings in shares of Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 10 shares in the last quarter. Mechanics Financial Corp bought a new position in shares of Fair Isaac in the first quarter valued at approximately $46,000. Finally, Hollencrest Capital Management boosted its position in shares of Fair Isaac by 766.7% during the first quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after buying an additional 23 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FICO has been the subject of a number of analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Raymond James Financial reduced their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Oppenheimer dropped their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. BMO Capital Markets upped their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company dropped their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,134.57.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,021 shares of company stock valued at $22,247,892 in the last quarter. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

FICO traded up $50.8630 during midday trading on Friday, reaching $1,412.5830. The company had a trading volume of 275,337 shares, compared to its average volume of 362,827. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The business has a 50-day moving average price of $1,574.19 and a two-hundred day moving average price of $1,758.25. The stock has a market cap of $33.90 billion, a PE ratio of 55.24, a P/E/G ratio of 2.65 and a beta of 1.28.

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, topping analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the previous year, the firm posted $6.25 EPS. Fair Isaac's revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has approved a stock buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows 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 shares are 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.