Fair Isaac Corporation $FICO Shares Sold by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets has reduced its stake in Fair Isaac Corporation by 1.6%, selling 726 shares and holding 45,174 shares valued at approximately $83.3 million.
• Fair Isaac reported earnings of $8.57 per share, exceeding analysts' expectations of $7.75, with revenues up 19.8% from the previous year.
• The company announced a $1 billion stock buyback plan, indicating management's belief that its stock is undervalued, which allows for repurchases of up to 2.3% of its shares.

BNP Paribas Financial Markets reduced its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,174 shares of the technology company's stock after selling 726 shares during the quarter. BNP Paribas Financial Markets owned 0.19% of Fair Isaac worth $83,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Fair Isaac by 2.0% during 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 period. Price T Rowe Associates Inc. MD boosted its holdings in Fair Isaac by 0.4% in 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 buying an additional 3,677 shares during the period. Principal Financial Group Inc. increased its stake in Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after buying an additional 26,811 shares in the last quarter. American Century Companies Inc. increased its stake in Fair Isaac by 4.7% in the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock worth $712,985,000 after buying an additional 17,498 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after acquiring an additional 258,092 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Barclays lowered their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Wells Fargo & Company cut their target price 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. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price target for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Finally, Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday, August 18th. One equities research 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 stock. According to MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus target price of $2,134.57.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac 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 transaction, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $63,284,533.92. The trade was a 12.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,031 shares of company stock worth $31,273,950 in the last ninety days. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Trading Up 0.7%

Shares of NYSE:FICO traded up $10.17 during trading on Wednesday, reaching $1,515.05. The stock had a trading volume of 188,248 shares, compared to its average volume of 272,734. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The firm's 50-day simple moving average is $1,526.24 and its 200 day simple moving average is $1,740.76. The company has a market capitalization of $36.37 billion, a P/E ratio of 59.31, a PEG ratio of 2.96 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $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 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a stock buyback plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is 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.