Procyon Advisors LLC Has $1.04 Million Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Procyon Advisors LLC reduced its stake in Fair Isaac Corporation (NYSE:FICO) by 56.8%, selling 746 shares and bringing its total holdings to 567 shares valued at approximately $1,036,000.
• Fair Isaac Corporation reported $8.57 earnings per share for the last quarter, exceeding analyst estimates and resulting in a revenue increase of 19.8% year-over-year.
• The company has authorized a $1.00 billion share buyback program, indicating confidence in its stock value according to its board of directors.

Procyon Advisors LLC reduced its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 56.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 567 shares of the technology company's stock after selling 746 shares during the period. Procyon Advisors LLC's holdings in Fair Isaac were worth $1,036,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FICO. Meeder Asset Management Inc. raised its position in 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. Baker Avenue Asset Management LP raised its position in shares of Fair Isaac by 4.6% during the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after acquiring an additional 5 shares during the last quarter. City Holding Co. raised its position in shares of Fair Isaac by 11.3% during the first quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after acquiring an additional 6 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Fair Isaac by 4.4% during the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock worth $262,000 after acquiring an additional 6 shares during the last quarter. Finally, Forum Financial Management LP raised its position in shares of Fair Isaac by 2.2% during the first quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock worth $507,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. UBS Group boosted their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. BMO Capital Markets upped 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. Finally, Needham & Company LLC dropped their price objective on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. One investment 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. Based on data from MarketBeat, Fair Isaac currently has an average rating of "Moderate Buy" and an average price target of $2,101.71.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 18,032 shares of company stock worth $28,153,015 in the last 90 days. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Stock Performance

NYSE FICO traded down $45.01 during trading hours on Friday, hitting $1,477.09. 520,197 shares of the company traded hands, compared to its average volume of 297,341. The business's 50-day moving average is $1,465.15 and its 200-day moving average is $1,716.38. The stock has a market capitalization of $35.45 billion, a price-to-earnings ratio of 57.77, a P/E/G ratio of 2.88 and a beta of 1.35. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

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 (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a share buyback 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 shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors 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.