Fair Isaac Corporation $FICO Shares Sold by Osterweis Capital Management Inc.

Key Points

• Osterweis Capital Management Inc. reduced its stake in Fair Isaac Corporation by 18.5%, now holding 1,442 shares valued at approximately $2.66 million.
• Fair Isaac reported earnings of $8.57 per share for the last quarter, exceeding estimates, and had a revenue increase of 19.8% year-over-year.
• The company's board authorized a $1 billion stock repurchase program, indicating confidence in its stock valuation.

Osterweis Capital Management Inc. trimmed its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 18.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geo Capital Gestora de Recursos Ltd bought a new stake in shares of Fair Isaac during the 1st quarter worth about $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fair Isaac during the 1st quarter worth about $30,000. Meeder Asset Management Inc. raised its position in shares of Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after buying an additional 5 shares in the last quarter. Mechanics Financial Corp bought a new stake in shares of Fair Isaac during the 1st quarter worth about $46,000. Finally, Hollencrest Capital Management raised its position in shares of Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock worth $48,000 after buying an additional 23 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. UBS Group boosted their price target on shares of Fair Isaac from $1,540.00 to $1,590.00 and gave the stock a "neutral" rating in a research report on Monday. Needham & Company LLC dropped their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Finally, Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a report on Monday, August 18th. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,098.14.

Fair Isaac Price Performance

NYSE FICO opened at $1,595.52 on Friday. The company's 50 day simple moving average is $1,483.99 and its 200 day simple moving average is $1,730.80. 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 capitalization of $38.29 billion, a P/E ratio of 62.40, a PEG ratio of 2.98 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million for 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 firm'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. On average, analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has authorized a stock repurchase program on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of Fair Isaac 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 value of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 18,032 shares of company stock valued at $28,153,015 over the last quarter. Company insiders own 3.46% of the company's stock.

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.

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