Fair Isaac Corporation $FICO Shares Sold by Ascent Group LLC

Key Points

• Ascent Group LLC reduced its stake in Fair Isaac Corporation by 19.7%, owning 591 shares valued at approximately $1,080,000 after selling 145 shares in the second quarter.
• Despite some reductions, institutional ownership remains strong, with 85.75% of the stock held by institutional investors, indicating confidence in the company's prospects.
• Fair Isaac recently reported strong quarterly earnings with an EPS of $8.57, surpassing estimates, and announced a $1 billion stock repurchase program, suggesting the leadership believes shares are undervalued.

Ascent Group LLC decreased its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 19.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 591 shares of the technology company's stock after selling 145 shares during the period. Ascent Group LLC's holdings in Fair Isaac were worth $1,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of 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 purchasing an additional 302 shares during the last quarter. Merit Financial Group LLC grew its stake in Fair Isaac by 128.0% during the 1st quarter. Merit Financial Group LLC now owns 399 shares of the technology company's stock worth $736,000 after buying an additional 224 shares during the last quarter. RFG Advisory LLC acquired a new position in Fair Isaac during the first quarter worth approximately $218,000. Signal Advisors Wealth LLC increased its position in Fair Isaac by 5.1% during the first quarter. Signal Advisors Wealth LLC now owns 187 shares of the technology company's stock worth $345,000 after buying an additional 9 shares during the period. Finally, Impact Capital Partners LLC lifted its stake in Fair Isaac by 5.6% in the first quarter. Impact Capital Partners LLC now owns 227 shares of the technology company's stock valued at $419,000 after buying an additional 12 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on FICO. Oppenheimer cut their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. UBS Group increased their target price 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. Wells Fargo & Company set a $2,300.00 price target on Fair Isaac in a research report on Wednesday. Raymond James Financial decreased their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and a consensus price target of $2,130.29.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction 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 sale, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 18,032 shares of company stock worth $28,153,015 in the last quarter. 3.46% of the stock is currently owned by insiders.

Fair Isaac Trading Up 3.7%

FICO stock opened at $1,851.00 on Monday. The company's 50-day moving average price is $1,476.07 and its 200 day moving average price is $1,701.02. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The company has a market cap of $44.42 billion, a P/E ratio of 72.39, a P/E/G ratio of 2.14 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. The company had revenue of $536.42 million during 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 company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has approved a stock repurchase program on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are 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.

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