Czech National Bank Buys 342 Shares of Fair Isaac Corporation $FICO

Key Points

• Czech National Bank increased its stake in Fair Isaac Corporation by 6.1%, with total holdings valued at $10.88 million after acquiring additional shares during the 2nd quarter.
• Fair Isaac reported $8.57 EPS in its latest quarterly earnings, exceeding expectations and showing a 19.8% revenue growth year-over-year.
• The company authorized a $1 billion stock buyback program, signaling confidence in its stock's valuation, as institutional investors own approximately 85.75% of Fair Isaac's stock.

Czech National Bank lifted its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,950 shares of the technology company's stock after purchasing an additional 342 shares during the quarter. Czech National Bank's holdings in Fair Isaac were worth $10,876,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Meeder Asset Management Inc. grew 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 during the period. Baker Avenue Asset Management LP grew its position in shares of Fair Isaac by 4.6% during the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after buying an additional 5 shares during the period. City Holding Co. grew its position in shares of Fair Isaac by 11.3% during the 1st quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after buying an additional 6 shares during the period. Valeo Financial Advisors LLC boosted its stake in Fair Isaac by 4.4% during the 1st 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 boosted its stake in Fair Isaac by 2.2% during the 1st 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. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Activity

In related news, CEO William J. Lansing sold 6,011 shares of the 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 transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 18,032 shares of company stock worth $28,153,015. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Trading Down 3.0%

Shares of NYSE:FICO traded down $45.01 on Friday, hitting $1,477.09. The company had a trading volume of 520,197 shares, compared to its average volume of 297,341. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The stock has a market cap 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. The stock has a 50 day moving average price of $1,465.15 and a 200 day moving average price of $1,716.38.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results 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. 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 during the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the previous year, the business posted $6.25 earnings per share. Fair Isaac's quarterly 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. Sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a share 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 stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

FICO has been the topic of several recent analyst reports. UBS Group lifted their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research note on Monday, September 15th. 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 on the stock in a research note on Wednesday, July 9th. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Raymond James Financial reduced their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Finally, Oppenheimer reduced their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $2,101.71.

About Fair Isaac

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.