Envestnet Portfolio Solutions Inc. Purchases 419 Shares of Fair Isaac Corporation $FICO

Key Points

• Envestnet Portfolio Solutions Inc. has increased its stake in Fair Isaac Corporation (FICO) by 23.1%, now holding 2,230 shares valued at approximately $4.08 million.
• Several institutional investors, including Vanguard Group and UBS Asset Management, have also raised their positions in FICO significantly, indicating strong interest in the stock.
• Fair Isaac recently initiated a $1 billion share buyback plan, suggesting management's belief that the stock is undervalued, amid positive earnings reports exceeding analyst expectations.

Envestnet Portfolio Solutions Inc. increased its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 23.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,230 shares of the technology company's stock after purchasing an additional 419 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Fair Isaac were worth $4,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after buying an additional 58,740 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Fair Isaac by 0.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock valued at $1,518,803,000 after buying an additional 3,677 shares during the last quarter. Principal Financial Group Inc. raised its position in Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after buying an additional 26,811 shares during the last quarter. American Century Companies Inc. raised its position in Fair Isaac by 4.7% in the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock valued at $712,985,000 after buying an additional 17,498 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Fair Isaac by 29.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company's stock valued at $584,193,000 after buying an additional 72,518 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FICO. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research report on Monday, August 18th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Wells Fargo & Company raised their target price on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an "overweight" rating in a research report on Tuesday. BMO Capital Markets raised their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research report on Monday, August 18th. Finally, Seaport Res Ptn raised Fair Isaac to a "strong-buy" rating in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $2,137.43.

Fair Isaac Stock Performance

FICO stock opened at $1,638.92 on Thursday. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The stock has a fifty day moving average of $1,521.51 and a 200-day moving average of $1,694.54. The company has a market capitalization of $39.34 billion, a price-to-earnings ratio of 64.10, a PEG ratio of 1.77 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued 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 negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the company earned $6.25 EPS. The firm'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 analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

Insider Activity

In other news, CEO William J. Lansing sold 6,011 shares of Fair Isaac 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 sale, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.46% of the company's stock.

Fair Isaac Company 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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