Fair Isaac Corporation $FICO Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Fair Isaac Corporation by 30.4%, purchasing an additional 6,639 shares, bringing its total ownership to 28,447 shares valued at approximately $52.46 million.
• CEO William J. Lansing and CFO Steven P. Weber sold a combined total of 7,010 shares of Fair Isaac stock recently, resulting in significant decreases in their ownership stakes.
• A number of analysts have adjusted their price targets for Fair Isaac, with recommendations ranging from a Strong Buy to Outperform ratings, reflecting varied market sentiment after recent earnings reports.

Caisse DE Depot ET Placement DU Quebec increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 30.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,447 shares of the technology company's stock after acquiring an additional 6,639 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.12% of Fair Isaac worth $52,461,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWA Asset Management Group LLC increased its holdings in Fair Isaac by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after purchasing an additional 19 shares during the period. QRG Capital Management Inc. increased its holdings in Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after purchasing an additional 17 shares during the period. Brighton Jones LLC increased its holdings in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the period. GAMMA Investing LLC increased its holdings in Fair Isaac by 55.6% during the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after purchasing an additional 50 shares during the period. Finally, Tidal Investments LLC increased its holdings in Fair Isaac by 692.2% during the 4th quarter. Tidal Investments LLC now owns 14,133 shares of the technology company's stock worth $28,138,000 after purchasing an additional 12,349 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the sale, the chief executive officer directly owned 44,338 shares of the company's stock, valued at $69,432,864.62. The trade was a 7.92% 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 over the last ninety days. 3.46% of the stock is owned by insiders.

Fair Isaac Trading Up 1.1%

Shares of NYSE FICO traded up $16.69 during trading hours on Friday, reaching $1,523.06. The stock had a trading volume of 650,867 shares, compared to its average volume of 356,199. The firm has a market cap of $36.56 billion, a price-to-earnings ratio of 59.56, a PEG ratio of 2.96 and a beta of 1.28. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The firm has a 50-day moving average of $1,541.73 and a 200-day moving average of $1,744.71.

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 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 business's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has authorized a share repurchase program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FICO shares. Griffin Securities set a $1,800.00 price target on Fair Isaac in a report on Monday, August 18th. Oppenheimer dropped their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. BMO Capital Markets increased their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a report on Monday, August 18th. Finally, Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. 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 data from MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average target price of $2,134.57.

About Fair Isaac

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.