Fair Isaac Corporation $FICO Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Fair Isaac Corporation by 14.8%, holding approximately 272,027 shares worth around $501.66 million.
• CEO William J. Lansing sold 3,811 shares for nearly $6 million, resulting in a 7.92% decrease in his ownership, while CFO Steven P. Weber also reduced his stake by 34.94%.
• Wells Fargo & Company lowered its price target for Fair Isaac shares from $2,600 to $2,300, while other analysts maintain various ratings, showing a consensus price target of approximately $2,134.57.

T. Rowe Price Investment Management Inc. decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 14.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,027 shares of the technology company's stock after selling 47,181 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.12% of Fair Isaac worth $501,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FICO. Geo Capital Gestora de Recursos Ltd purchased a new position in Fair Isaac during the first quarter valued at approximately $28,000. N.E.W. Advisory Services LLC acquired a new position in Fair Isaac during the first quarter worth $30,000. Meeder Asset Management Inc. grew its holdings in shares of Fair Isaac by 41.7% during the first 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 purchased a new position in Fair Isaac during the first quarter worth about $46,000. Finally, Colonial Trust Co SC lifted its holdings in Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FICO. Raymond James Financial lowered their target price 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. Wells Fargo & Company lowered their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a research note on Monday, August 18th. Finally, Barclays reduced 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 report on Wednesday, July 9th. One equities 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, the company has an average rating of "Moderate Buy" and a consensus price target of $2,134.57.

Fair Isaac Stock Performance

FICO stock traded up $50.8630 during midday trading on Friday, reaching $1,412.5830. 275,337 shares of the company were exchanged, compared to its average volume of 362,827. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The stock's 50-day simple moving average is $1,574.19 and its 200 day simple moving average is $1,758.25. The company has a market cap of $33.90 billion, a price-to-earnings ratio of 55.24, a price-to-earnings-growth ratio of 2.65 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data 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. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same quarter last year, the company earned $6.25 earnings per share. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has initiated a share buyback plan 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac 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 transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the chief executive officer owned 44,338 shares in the company, valued at $69,432,864.62. The trade was a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,021 shares of company stock worth $22,247,892. 3.46% of the stock is owned by corporate insiders.

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.