Canada Pension Plan Investment Board Has $11.92 Million Position in Fair Isaac Corporation $FICO

Key Points

• The Canada Pension Plan Investment Board increased its stake in Fair Isaac Corporation by 12.7%, owning a total of 6,465 shares valued at approximately $11.92 million.
• Fair Isaac reported a positive earnings surprise with $8.57 earnings per share, surpassing forecasts, alongside a year-over-year revenue growth of 19.8%.
• The company has announced a $1 billion stock repurchase program, indicating management's belief that its stock may be undervalued.

Canada Pension Plan Investment Board lifted its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 12.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,465 shares of the technology company's stock after buying an additional 729 shares during the period. Canada Pension Plan Investment Board's holdings in Fair Isaac were worth $11,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised 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 worth $5,463,202,000 after purchasing an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Fair Isaac by 0.4% during 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 buying an additional 3,677 shares during the last quarter. Principal Financial Group Inc. raised its position in Fair Isaac by 7.3% during 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. lifted its stake 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 valued at $712,985,000 after acquiring an additional 17,498 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Fair Isaac by 286,768.9% in the 1st 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 during the period. Institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

FICO opened at $1,523.06 on Tuesday. The business has a fifty day simple moving average of $1,534.57 and a 200 day simple moving average of $1,742.40. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The company has a market capitalization of $36.55 billion, a PE ratio of 59.56, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the firm earned $6.25 earnings per share. The company'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. Equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction that occurred on Monday, June 9th. The shares were 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 owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,021 shares of company stock worth $22,247,892. Company insiders own 3.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FICO shares. Needham & Company LLC dropped their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Wells Fargo & Company dropped their price objective on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Raymond James Financial reduced their target price on 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. Barclays decreased their target price on 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. Finally, Griffin Securities set a $1,800.00 price target on Fair Isaac in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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