Callan Family Office LLC Makes New $1.07 Million Investment in Fair Isaac Corporation $FICO

Key Points

• Callan Family Office LLC made a new investment of $1.07 million in Fair Isaac Corporation (NYSE:FICO) during the second quarter, acquiring 583 shares.
• Several institutional investors increased their stakes in Fair Isaac, with 85.75% of the stock now owned by such investors.
• Analysts have set price targets for Fair Isaac, with a consensus price target of $2,130.29, reflecting strong investor sentiment despite recent target price adjustments.

Callan Family Office LLC bought a new position in Fair Isaac Corporation (NYSE:FICO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 583 shares of the technology company's stock, valued at approximately $1,066,000.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after acquiring an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Fair Isaac by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock worth $1,518,803,000 after acquiring an additional 3,677 shares in the last quarter. Principal Financial Group Inc. grew its position in Fair Isaac by 7.3% in the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after acquiring an additional 26,811 shares in the last quarter. American Century Companies Inc. grew its position in Fair Isaac by 4.7% in the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock worth $712,985,000 after acquiring an additional 17,498 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Fair Isaac by 29.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company's stock worth $584,193,000 after acquiring an additional 72,518 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on FICO shares. Raymond James Financial decreased 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 report on Thursday, July 31st. Wells Fargo & Company set a $2,300.00 price objective on shares of Fair Isaac in a research note on Wednesday, October 1st. Seaport Res Ptn upgraded shares of Fair Isaac to a "strong-buy" rating in a research note on Wednesday, October 1st. Needham & Company LLC restated a "buy" rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research note on Thursday, October 2nd. Finally, Barclays boosted their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Fair Isaac has an average rating of "Buy" and a consensus price target of $2,130.29.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were 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 directly owned 42,138 shares in the company, valued at $64,787,175. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.46% of the stock is currently owned by insiders.

Fair Isaac Price Performance

NYSE:FICO opened at $1,668.26 on Monday. The stock has a market cap of $40.04 billion, a P/E ratio of 65.24, a PEG ratio of 1.83 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. The company has a fifty day moving average price of $1,504.63 and a 200 day moving average price of $1,696.55.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate 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 net margin of 32.80% and a negative return on equity of 48.88%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has approved a stock buyback plan 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 stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors 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.

Want to see what other hedge funds are holding FICO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fair Isaac Corporation (NYSE:FICO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.