Korea Investment CORP Acquires 4,609 Shares of Fair Isaac Corporation $FICO

Key Points

• Korea Investment CORP increased its stake in Fair Isaac Corporation by 30.3% in the first quarter, owning approximately 0.08% of the company, valued at $36.54 million.
• Fair Isaac's CFO and CEO recently sold shares, with the CFO decreasing their position by 34.94% and the CEO by 7.92%.
• The company's stock has an average rating of "Moderate Buy" with a consensus target price of $2,134.57 from analysts, indicating potential for price appreciation.

Korea Investment CORP grew its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 30.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,816 shares of the technology company's stock after purchasing an additional 4,609 shares during the period. Korea Investment CORP owned approximately 0.08% of Fair Isaac worth $36,544,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Brooklyn Investment Group boosted its stake in Fair Isaac by 165.4% during the first quarter. Brooklyn Investment Group now owns 69 shares of the technology company's stock worth $127,000 after acquiring an additional 43 shares in the last quarter. Summit Securities Group LLC bought a new stake in Fair Isaac during the first quarter worth about $96,000. Algert Global LLC boosted its stake in Fair Isaac by 28.8% during the first quarter. Algert Global LLC now owns 2,877 shares of the technology company's stock worth $5,306,000 after acquiring an additional 644 shares in the last quarter. George Kaiser Family Foundation bought a new stake in Fair Isaac during the first quarter worth about $275,000. Finally, Roberts Capital Advisors LLC bought a new stake in Fair Isaac during the first quarter worth about $599,000. Institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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. BMO Capital Markets boosted their price objective on shares of 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. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a research note on Monday, August 18th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their target price for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. One research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,134.57.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction that occurred on 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 90 days, insiders have sold 13,021 shares of company stock worth $22,247,892. 3.46% of the stock is owned by insiders.

Fair Isaac Stock Up 3.7%

Shares of NYSE FICO traded up $50.8630 during midday trading on Friday, hitting $1,412.5830. The stock had a trading volume of 275,337 shares, compared to its average volume of 362,827. The company has a market cap of $33.90 billion, a P/E ratio of 55.24, a PEG ratio of 2.65 and a beta of 1.28. The business's 50 day moving average is $1,574.19 and its 200-day moving average is $1,758.25. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week 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 company had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has initiated 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 repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often 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.