Empowered Funds LLC Increases Position in Fair Isaac Corporation $FICO

Key Points

• Empowered Funds LLC increased its stake in Fair Isaac Corporation by 8.6%, owning 5,375 shares valued at approximately $9.91 million.
• Fair Isaac's CEO, William J. Lansing, sold 6,010 shares of stock valued at over $9 million, reducing his position by 12.48%.
• Fair Isaac's recent quarterly performance featured an EPS of $8.57, surpassing analyst expectations, while the company anticipates reporting 24.15 EPS for the current year.

Empowered Funds LLC raised its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,375 shares of the technology company's stock after purchasing an additional 425 shares during the period. Empowered Funds LLC's holdings in Fair Isaac were worth $9,912,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FICO. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac during the 1st quarter valued at $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Fair Isaac in the 1st quarter worth $30,000. Meeder Asset Management Inc. boosted its stake in shares of Fair Isaac by 41.7% in the 1st 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 last quarter. Mechanics Financial Corp purchased a new position in shares of Fair Isaac in the 1st quarter worth $46,000. Finally, Hollencrest Capital Management boosted its stake 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 buying an additional 23 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FICO has been the topic of a number of research reports. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research note on Monday, August 18th. Wells Fargo & Company dropped their price target 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. Oppenheimer dropped their price target 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. Needham & Company LLC dropped their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Finally, Raymond James Financial dropped their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. One 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $2,098.14.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 18,032 shares of company stock worth $28,153,015 in the last ninety days. Company insiders own 3.46% of the company's stock.

Fair Isaac Stock Down 3.3%

NYSE:FICO traded down $52.50 on Friday, reaching $1,544.06. 224,403 shares of the company's stock traded hands, compared to its average volume of 312,430. The firm has a market cap of $37.06 billion, a PE ratio of 60.39, a P/E/G ratio of 3.11 and a beta of 1.35. The stock has a 50-day simple moving average of $1,477.76 and a 200-day simple moving average of $1,728.92. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51.

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 for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

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.