The Manufacturers Life Insurance Company Has $26.30 Million Stake in Fair Isaac Corporation $FICO

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Fair Isaac Corporation by 4.4% in Q1, now owning 0.06% of the company valued at approximately $26.3 million.
• Fair Isaac reported Q2 earnings exceeding estimates, with an EPS of $8.57 and revenue of $536.42 million, reflecting a 19.8% year-over-year increase.
• The company has initiated a $1 billion stock buyback plan, signaling confidence in its stock value being undervalued.

The Manufacturers Life Insurance Company decreased its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 4.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,262 shares of the technology company's stock after selling 651 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Fair Isaac worth $26,301,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Geo Capital Gestora de Recursos Ltd acquired a new stake in Fair Isaac in the first quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac during the 1st quarter valued at $30,000. Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after purchasing an additional 5 shares during the last quarter. Mechanics Financial Corp bought a new stake in Fair Isaac in the first quarter worth $46,000. Finally, Colonial Trust Co SC increased its position in Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after buying an additional 10 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FICO. BMO Capital Markets increased their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a report on Monday, August 18th. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price target for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Wells Fargo & Company reduced their price objective 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 reiterated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Raymond James Financial decreased their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,134.57.

Fair Isaac Stock Up 1.0%

Fair Isaac stock traded up $15.68 during trading hours on Friday, hitting $1,534.60. The stock had a trading volume of 194,726 shares, compared to its average volume of 273,684. The company has a 50-day moving average of $1,512.62 and a two-hundred day moving average of $1,737.33. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The company has a market cap of $36.83 billion, a PE ratio of 60.02, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same period in the prior year, the company posted $6.25 earnings per share. Fair Isaac's revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

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 stock was sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the sale, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,031 shares of company stock valued at $31,273,950 in the last quarter. 3.46% of the stock is currently 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.