BI Asset Management Fondsmaeglerselskab A S Has $25 Million Stake in Fair Isaac Corporation $FICO

Key Points

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BI Asset Management Fondsmaeglerselskab A S trimmed its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,556 shares of the technology company's stock after selling 194 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.06% of Fair Isaac worth $24,999,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FICO. Nebula Research & Development LLC bought a new stake in shares of Fair Isaac during the fourth quarter valued at about $2,540,000. CWA Asset Management Group LLC raised its stake in shares of Fair Isaac by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after purchasing an additional 19 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Fair Isaac by 4.5% during the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after purchasing an additional 17 shares in the last quarter. Brighton Jones LLC raised its stake 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 valued at $958,000 after purchasing an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Fair Isaac by 55.6% during the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock valued at $258,000 after purchasing an additional 50 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

FICO traded up $50.8630 during trading on Friday, reaching $1,412.5830. The company had a trading volume of 275,337 shares, compared to its average volume of 362,827. The firm's 50-day simple moving average is $1,574.19 and its 200 day simple moving average is $1,758.25. The company has a market cap of $33.90 billion, a price-to-earnings ratio of 55.24, a PEG ratio of 2.65 and a beta of 1.28. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million for 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%.Fair Isaac's revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction dated Monday, June 9th. The stock was 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 of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $74,492,399.16. This trade represents a 12.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,021 shares of company stock worth $22,247,892 in the last three months. 3.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FICO shares. Barclays cut their price objective 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. Wells Fargo & Company cut their price objective 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. Needham & Company LLC cut their price objective 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. Robert W. Baird upgraded shares of 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 report on Wednesday, May 28th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,134.57.

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.