Abacus FCF Advisors LLC Buys 489 Shares of Fair Isaac Corporation $FICO

Key Points

• Abacus FCF Advisors LLC increased its stake in Fair Isaac Corporation by 5.6%, owning 9,227 shares valued at approximately $16.87 million.
• Fair Isaac reported an earnings per share (EPS) of $8.57 for the recent quarter, surpassing estimates of $7.75, with a 19.8% increase in quarterly revenue year-over-year.
• The company's Board approved a stock repurchase plan to buy back $1 billion in shares, indicating a belief that the stock is undervalued.

Abacus FCF Advisors LLC grew its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,227 shares of the technology company's stock after acquiring an additional 489 shares during the quarter. Fair Isaac comprises about 2.4% of Abacus FCF Advisors LLC's portfolio, making the stock its 16th largest position. Abacus FCF Advisors LLC's holdings in Fair Isaac were worth $16,867,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in FICO. Geo Capital Gestora de Recursos Ltd bought a new position in Fair Isaac during the 1st quarter worth about $28,000. N.E.W. Advisory Services LLC acquired a new stake in Fair Isaac during the 1st quarter worth $30,000. Meeder Asset Management Inc. boosted its position in shares of Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after acquiring an additional 5 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new position in shares of Fair Isaac during the 2nd quarter valued at about $31,000. Finally, Mechanics Financial Corp acquired a new position in Fair Isaac in the first quarter valued at about $46,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Down 0.8%

Shares of NYSE FICO traded down $12.10 on Tuesday, reaching $1,526.86. 94,481 shares of the company traded hands, compared to its average volume of 274,061. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The company has a 50 day moving average of $1,465.11 and a 200 day moving average of $1,713.64. The stock has a market capitalization of $36.64 billion, a PE ratio of 59.78, a P/E/G ratio of 2.88 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. Fair Isaac's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has approved a share buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FICO shares. Wells Fargo & Company cut their price target on shares of 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. UBS Group boosted their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research note on Monday, September 15th. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research note on Monday, August 18th. Barclays cut their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Finally, Needham & Company LLC dropped their price target on shares of 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. One investment 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,101.71.

Insiders Place Their Bets

In related 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 of the company's stock, valued at $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 18,032 shares of company stock worth $28,153,015 over the last ninety days. Company insiders own 3.46% of the company's stock.

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.