Fair Isaac Corporation $FICO Shares Sold by Argent Capital Management LLC

Key Points

• Argent Capital Management LLC significantly reduced its holdings in Fair Isaac Corporation by 85.3%, owning only 3,749 shares after selling 21,781 shares in Q2, reflecting a decrease in their investment value.
• CEO William J. Lansing sold 6,011 shares at an average price of $1,537.50, resulting in a total transaction value of over $9.24 million, which decreased his ownership stake by 12.48%.
• Analysts have a consensus rating of "Moderate Buy" on Fair Isaac, with an average price target of $2,101.71, while institutional investors own 85.75% of the stock.

Argent Capital Management LLC reduced its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 85.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,749 shares of the technology company's stock after selling 21,781 shares during the period. Argent Capital Management LLC's holdings in Fair Isaac were worth $6,853,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its holdings in Fair Isaac by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after acquiring an additional 19 shares during the period. QRG Capital Management Inc. grew its holdings in Fair Isaac by 4.5% during the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after acquiring an additional 17 shares during the period. Brighton Jones LLC grew its holdings in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares during the period. GAMMA Investing LLC grew its holdings in Fair Isaac by 55.6% during the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after acquiring an additional 50 shares during the period. Finally, Geo Capital Gestora de Recursos Ltd acquired a new position in Fair Isaac during the first quarter worth about $28,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 18,032 shares of company stock valued at $28,153,015. Insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,543.62 on Tuesday. The stock has a market cap of $37.05 billion, a price-to-earnings ratio of 60.37, a PEG ratio of 2.88 and a beta of 1.35. The business has a 50 day simple moving average of $1,465.11 and a 200 day simple moving average of $1,713.64. 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 announced 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 business had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has authorized a stock buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FICO. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. UBS Group lifted their price target on 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. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price target for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. 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. Finally, Barclays dropped their price target on 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. 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. According to MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average target price of $2,101.71.

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.

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