HighTower Advisors LLC Sells 178 Shares of Fair Isaac Corporation $FICO

Key Points

• HighTower Advisors LLC reduced its stake in Fair Isaac Corporation (NYSE:FICO) by 11.9%, owning 1,313 shares valued at approximately $2.42 million after selling 178 shares.
• CFO Steven P. Weber and CEO William J. Lansing both sold significant amounts of stock recently, with Weber selling 1,000 shares and Lansing selling 3,811 shares, representing notable decreases in their ownership.
• Fair Isaac's shares received upgrades from multiple analysts; Baird raised the rating to "strong-buy," while Barclays and BMO Capital Markets adjusted their price targets for the stock.

HighTower Advisors LLC cut its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,313 shares of the technology company's stock after selling 178 shares during the period. HighTower Advisors LLC's holdings in Fair Isaac were worth $2,422,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FICO. Brighton Jones LLC grew its position in Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares in the last quarter. Pinebridge Investments L.P. grew its position in Fair Isaac by 345.7% in the 4th quarter. Pinebridge Investments L.P. now owns 2,759 shares of the technology company's stock worth $5,493,000 after purchasing an additional 2,140 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in Fair Isaac by 0.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 22,800 shares of the technology company's stock worth $45,393,000 after purchasing an additional 200 shares in the last quarter. Burling Wealth Partners LLC bought a new stake in Fair Isaac in the 4th quarter worth about $229,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in Fair Isaac in the 4th quarter worth about $1,690,000. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FICO shares. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. BMO Capital Markets boosted their target price on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Wells Fargo & Company dropped their target price 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. Barclays dropped 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, Oppenheimer dropped 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 research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,134.57.

Fair Isaac Stock Performance

NYSE FICO traded down $2.69 on Wednesday, hitting $1,417.44. The stock had a trading volume of 189,396 shares, compared to its average volume of 269,184. 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 capitalization of $34.02 billion, a price-to-earnings ratio of 55.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.28. The firm has a 50-day moving average of $1,559.37 and a 200-day moving average of $1,751.44.

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

Fair Isaac announced that its Board of Directors has authorized a share buyback 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 buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the sale, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 3,811 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the sale, the chief executive officer owned 44,338 shares in the company, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,021 shares of company stock worth $22,247,892. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Company 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.