Contravisory Investment Management Inc. Acquires 233 Shares of Fair Isaac Corporation $FICO

Key Points

• Contravisory Investment Management Inc. increased its stake in Fair Isaac Corporation by 50.2%, acquiring an additional 233 shares to hold a total of 697 shares valued at approximately $1.27 million.
• CEO William J. Lansing sold 6,011 shares of Fair Isaac stock, reducing his ownership by 12.48%, while corporate insiders collectively sold 18,032 shares valued at over $28 million in the last quarter.
• Fair Isaac's market capitalization stands at $37.29 billion, with recent earnings showing a revenue increase of 19.8% year-over-year, and the company has authorized a $1 billion stock repurchase plan.

Contravisory Investment Management Inc. raised its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 50.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 697 shares of the technology company's stock after buying an additional 233 shares during the period. Contravisory Investment Management Inc.'s holdings in Fair Isaac were worth $1,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FICO. Meeder Asset Management Inc. boosted its position in shares of Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after acquiring an additional 5 shares during the last quarter. Baker Avenue Asset Management LP boosted its position in shares of Fair Isaac by 4.6% during the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock valued at $209,000 after acquiring an additional 5 shares during the last quarter. City Holding Co. boosted its position in shares of Fair Isaac by 11.3% during the 1st quarter. City Holding Co. now owns 59 shares of the technology company's stock valued at $109,000 after acquiring an additional 6 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Fair Isaac by 4.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after buying an additional 6 shares in the last quarter. Finally, Forum Financial Management LP increased its stake in shares of Fair Isaac by 2.2% during the first quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock valued at $507,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FICO shares. Oppenheimer lowered their price target 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. Wells Fargo & Company dropped their price target on 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. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. UBS Group raised their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research note on Monday, September 15th. Finally, Needham & Company LLC decreased their target price on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. 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 data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,101.71.

Fair Isaac Price Performance

Shares of FICO stock traded down $45.01 during midday trading on Friday, reaching $1,477.09. 520,197 shares of the company traded hands, compared to its average volume of 297,341. The firm's 50 day simple moving average is $1,465.15 and its two-hundred day simple moving average is $1,716.38. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The firm has a market cap of $35.45 billion, a PE ratio of 57.77, a price-to-earnings-growth ratio of 2.88 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, beating the consensus estimate 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 period 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. As a group, research 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 share repurchase program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $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 at this link. Insiders have sold a total of 18,032 shares of company stock worth $28,153,015 in the last quarter. 3.46% of the stock is owned by corporate insiders.

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.