EFG Asset Management North America Corp. Sells 240 Shares of Fair Isaac Corporation $FICO

Key Points

• EFG Asset Management North America Corp. has reduced its stake in Fair Isaac Corporation (FICO) by 16.3%, selling 240 shares and now holding 1,236 shares valued at approximately $2.28 million.
• Insider selling occurred as CFO Steven P. Weber and CEO William J. Lansing sold significant shares, with total insider sales amounting to $31.27 million over the past three months.
• Fair Isaac's board has authorized a $1 billion share buyback program, indicating confidence in the company's stock valuation amid recent insider transactions.

EFG Asset Management North America Corp. lowered its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 16.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,236 shares of the technology company's stock after selling 240 shares during the period. EFG Asset Management North America Corp.'s holdings in Fair Isaac were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FICO. Brighton Jones LLC raised its holdings in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after purchasing an additional 302 shares during the period. Captrust Financial Advisors raised its holdings in shares of Fair Isaac by 30.0% during the fourth quarter. Captrust Financial Advisors now owns 780 shares of the technology company's stock valued at $1,553,000 after purchasing an additional 180 shares during the period. Bridgeway Capital Management LLC acquired a new stake in shares of Fair Isaac in the 4th quarter worth about $2,509,000. Cubist Systematic Strategies LLC bought a new position in Fair Isaac in the 4th quarter valued at about $6,188,000. Finally, Colonial Trust Co SC boosted its stake in 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 purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $63,284,533.92. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 12,021 shares of company stock worth $18,911,102. 3.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the subject of several analyst reports. BMO Capital Markets increased their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research note on Monday, August 18th. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Raymond James Financial lowered their price objective 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. Finally, Griffin Securities set a $1,800.00 price objective on Fair Isaac in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus price target of $2,098.14.

Fair Isaac Stock Performance

NYSE:FICO traded down $0.86 on Wednesday, hitting $1,545.70. The stock had a trading volume of 107,405 shares, compared to its average volume of 272,513. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The firm's fifty day simple moving average is $1,495.33 and its two-hundred day simple moving average is $1,733.11. The stock has a market cap of $37.10 billion, a P/E ratio of 60.41, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $520.40 million. During the same period in the prior year, the firm earned $6.25 EPS. The company'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. Equities research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has authorized a share 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 repurchase up to 2.3% of its shares through open market purchases. Shares buyback plans are often a sign 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.