Swedbank AB Decreases Stake in Fair Isaac Corporation $FICO

Key Points

• Swedbank AB has reduced its stake in Fair Isaac Corporation by 6.5%, now holding 12,105 shares valued at approximately $22.3 million.
• Fair Isaac reported an earnings per share (EPS) of $8.57 for the last quarter, beating estimates and marking a 19.8% revenue increase year-over-year.
• The company has authorized a $1 billion stock repurchase plan, indicating management's belief that the stock is undervalued.

Swedbank AB reduced its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,105 shares of the technology company's stock after selling 842 shares during the quarter. Swedbank AB's holdings in Fair Isaac were worth $22,324,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Voya Investment Management LLC grew its position in shares of Fair Isaac by 8.7% in the 1st quarter. Voya Investment Management LLC now owns 36,199 shares of the technology company's stock worth $66,757,000 after buying an additional 2,908 shares during the last quarter. Inspire Investing LLC grew its position in shares of Fair Isaac by 3.2% in the 1st quarter. Inspire Investing LLC now owns 2,386 shares of the technology company's stock worth $4,400,000 after buying an additional 73 shares during the last quarter. Strs Ohio bought a new stake in shares of Fair Isaac in the 1st quarter worth approximately $9,774,000. Intech Investment Management LLC grew its position in shares of Fair Isaac by 22.3% in the 1st quarter. Intech Investment Management LLC now owns 35,091 shares of the technology company's stock worth $64,713,000 after buying an additional 6,389 shares during the last quarter. Finally, Focus Partners Wealth grew its position in shares of Fair Isaac by 2.5% in the 1st quarter. Focus Partners Wealth now owns 43,149 shares of the technology company's stock worth $79,574,000 after buying an additional 1,048 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the transaction, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 18,032 shares of company stock valued at $28,153,015 in the last three months. 3.46% of the stock is owned by insiders.

Fair Isaac Trading Down 0.6%

NYSE:FICO traded down $8.86 during trading hours on Thursday, reaching $1,542.98. 60,363 shares of the company traded hands, compared to its average volume of 272,362. The business's 50-day moving average price is $1,467.67 and its two-hundred day moving average price is $1,722.54. The stock has a market capitalization of $37.03 billion, a P/E ratio of 60.34, a P/E/G ratio of 3.03 and a beta of 1.35. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. The business had revenue of $536.42 million during 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%.The firm's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has authorized a stock buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in 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 usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FICO. Wells Fargo & Company cut their price objective on 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. Barclays dropped their price target on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Needham & Company LLC dropped their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price target for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Finally, Griffin Securities set a $1,800.00 price target on Fair Isaac in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and a consensus target price of $2,101.71.

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.