Fair Isaac Corporation $FICO Stock Position Lowered by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its stake in Fair Isaac Corporation by 3.6%, now holding shares valued at approximately $11.46 million after selling 230 shares during the first quarter.
• Several analysts have recently adjusted their ratings on Fair Isaac (FICO), with Wells Fargo lowering its target price from $2,600 to $2,300, while BMO Capital Markets raised it to $1,800.
• Fair Isaac announced a $1 billion share repurchase program, indicating that the board believes the company's shares are undervalued.

Corebridge Financial Inc. lowered its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,212 shares of the technology company's stock after selling 230 shares during the period. Corebridge Financial Inc.'s holdings in Fair Isaac were worth $11,456,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Geo Capital Gestora de Recursos Ltd acquired a new stake in Fair Isaac in the first quarter valued at about $28,000. N.E.W. Advisory Services LLC acquired a new stake in Fair Isaac in the first quarter valued at about $30,000. Meeder Asset Management Inc. lifted 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 period. Mechanics Financial Corp acquired a new stake in shares of Fair Isaac during the 1st quarter valued at approximately $46,000. Finally, Colonial Trust Co SC lifted its position in shares of Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded up $16.69 during trading on Friday, reaching $1,523.06. The company had a trading volume of 650,867 shares, compared to its average volume of 356,199. 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's fifty day moving average is $1,541.73 and its 200-day moving average is $1,744.71. The company has a market cap of $36.56 billion, a price-to-earnings ratio of 59.56, a price-to-earnings-growth ratio of 2.96 and a beta of 1.28.

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

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FICO shares. Needham & Company LLC reduced their price target on shares of 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. Barclays reduced their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Wells Fargo & Company dropped their price objective 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. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Finally, Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their target price for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,134.57.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 3,811 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the sale, the chief executive officer owned 44,338 shares in the company, valued at approximately $69,432,864.62. This represents a 7.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents 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 sold 13,021 shares of company stock valued at $22,247,892. Insiders own 3.46% of the company's stock.

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.