Goldman Sachs Group Inc. Has $292.52 Million Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Goldman Sachs reduced its stake in Fair Isaac Corporation by 11.3%, holding approximately 158,620 shares valued at $292.5 million after selling 20,220 shares in the first quarter.
• Fair Isaac reported Q3 earnings exceeding estimates with an EPS of $8.57, and a revenue of $536.42 million, up 19.8% year-over-year, while also announcing a $1 billion stock buyback plan.
• Analysts have recently adjusted price targets for Fair Isaac, with BMO Capital Markets raising theirs from $1,650 to $1,800, while the consensus target price is now set at $2,098.14.

Goldman Sachs Group Inc. lowered its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,620 shares of the technology company's stock after selling 20,220 shares during the period. Goldman Sachs Group Inc. owned about 0.65% of Fair Isaac worth $292,521,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geo Capital Gestora de Recursos Ltd bought a new stake in shares of Fair Isaac in the 1st quarter valued at $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fair Isaac in the 1st quarter valued at $30,000. Meeder Asset Management Inc. boosted its stake in Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares during the period. Mechanics Financial Corp acquired a new position in Fair Isaac in the 1st quarter worth $46,000. Finally, Hollencrest Capital Management boosted its stake in Fair Isaac by 766.7% in the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock worth $48,000 after purchasing an additional 23 shares during the period. Institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays reduced their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. BMO Capital Markets upped their target price 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. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their target price for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Oppenheimer reduced their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Raymond James Financial reduced their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,098.14.

Fair Isaac Stock Performance

FICO traded down $52.50 on Friday, hitting $1,544.06. 224,403 shares of the company were exchanged, compared to its average volume of 312,430. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The company has a market cap of $37.06 billion, a PE ratio of 60.39, a PEG ratio of 3.11 and a beta of 1.35. The stock's fifty day moving average is $1,477.76 and its 200-day moving average is $1,728.92.

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

Fair Isaac announced that its Board of Directors has initiated a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 18,032 shares of company stock worth $28,153,015 in the last three months. Company insiders own 3.46% of the company's stock.

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.