Osterweis Capital Management Inc. Sells 328 Shares of Fair Isaac Corporation $FICO

Key Points

• Osterweis Capital Management Inc. reduced its holdings in Fair Isaac Corporation by 18.5%, now owning 1,442 shares valued at approximately $2.66 million.
• Insider trades reveal that both the CFO and CEO of Fair Isaac sold significant amounts of stock, with the CFO reducing their ownership by 34.94% and the CEO by 12.48%.
• FICO is receiving mixed analyst ratings, with a consensus average target price of $2,134.57 and several investment firms recently adjusting their price targets for the stock.

Osterweis Capital Management Inc. reduced its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,442 shares of the technology company's stock after selling 328 shares during the quarter. Osterweis Capital Management Inc.'s holdings in Fair Isaac were worth $2,659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. Meeder Asset Management Inc. raised its holdings in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in shares of Fair Isaac by 4.6% in the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock valued at $209,000 after buying an additional 5 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in shares of Fair Isaac by 1.0% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock valued at $1,210,000 after buying an additional 6 shares during the last quarter. City Holding Co. raised its holdings in shares of Fair Isaac by 11.3% in the first quarter. City Holding Co. now owns 59 shares of the technology company's stock valued at $109,000 after buying an additional 6 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Fair Isaac by 4.4% in the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after buying an additional 6 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the sale, the chief executive officer directly owned 44,338 shares in the company, valued at approximately $69,432,864.62. This represents a 7.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,021 shares of company stock worth $22,247,892. 3.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FICO shares. Griffin Securities set a $1,800.00 price target on Fair Isaac in a report on Monday, August 18th. Wells Fargo & Company cut their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Oppenheimer cut their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $2,134.57.

Fair Isaac Trading Up 3.7%

Shares of FICO stock traded up $50.8630 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 stock has a market cap of $33.90 billion, a PE ratio of 55.24, a PEG ratio of 2.65 and a beta of 1.28. The company has a 50-day moving average of $1,574.19 and a 200-day moving average of $1,758.25. 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 announced 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 company 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% compared to the same quarter last year. During the same period last year, the firm posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Fair Isaac 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.