Credit Agricole S A Sells 1,637 Shares of Fair Isaac Corporation $FICO

Key Points

• Credit Agricole S A sold 1,637 shares of Fair Isaac Corporation, reducing its stake in the company by 25% during the first quarter, now holding shares worth approximately $9.06 million.
• Several analysts have recently downgraded price targets for Fair Isaac, with Barclays cutting their target from $2,250 to $2,000, while Oppenheimer and Wells Fargo lowered theirs as well.
• Fair Isaac announced a stock repurchase program authorizing up to $1 billion to buy back shares, reflecting confidence from leadership regarding the company’s value.

Credit Agricole S A trimmed its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 25.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,912 shares of the technology company's stock after selling 1,637 shares during the period. Credit Agricole S A's holdings in Fair Isaac were worth $9,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac during the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. boosted its stake in Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after buying an additional 5 shares during the period. Colonial Trust Co SC increased its position in Fair Isaac by 71.4% during the fourth 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 last quarter. Mechanics Financial Corp purchased a new stake in shares of Fair Isaac in the first quarter valued at $46,000. Finally, Hollencrest Capital Management lifted its holdings in shares of Fair Isaac by 766.7% in the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock worth $48,000 after acquiring an additional 23 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays cut their price target on shares of 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. Oppenheimer cut their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Wells Fargo & Company decreased 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 restated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Raymond James Financial cut their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. One equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,134.57.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 3,811 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 44,338 shares of the company's stock, valued at $69,432,864.62. This represents a 7.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,021 shares of company stock valued at $22,247,892. Company insiders own 3.46% of the company's stock.

Fair Isaac Price Performance

FICO stock opened at $1,362.5110 on Friday. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The business has a 50-day moving average price of $1,581.64 and a 200 day moving average price of $1,760.99. The company has a market capitalization of $32.71 billion, a P/E ratio of 53.29, a PEG ratio of 2.62 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating 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 company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the company posted $6.25 earnings per share. Fair Isaac's revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, 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 approved 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 purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.

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