Fjarde AP Fonden Fourth Swedish National Pension Fund Has $10.24 Million Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• The Fourth Swedish National Pension Fund reduced its stake in Fair Isaac Corporation by 6.7%, selling 400 shares and holding 5,550 shares, valued at approximately $10.24 million as of the latest filing.
• Analyst ratings for Fair Isaac show a consensus of "Buy" with a target price of around $2,163.14, while BMO Capital Markets upgraded their rating to "strong-buy".
• Fair Isaac announced a $1 billion share repurchase program, indicating management's belief that the company's shares are undervalued.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,550 shares of the technology company's stock after selling 400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Fair Isaac were worth $10,235,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FICO. N.E.W. Advisory Services LLC bought a new position in Fair Isaac during the 1st quarter valued at about $30,000. Meeder Asset Management Inc. raised its stake in 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 acquiring an additional 5 shares during the period. Mechanics Financial Corp bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $46,000. Colonial Trust Co SC raised its position in shares of Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares during the last quarter. Finally, Hollencrest Capital Management raised its position in shares of Fair Isaac by 766.7% during the first quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after buying an additional 23 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Up 2.4%

FICO traded up $32.3010 during trading on Tuesday, hitting $1,382.4410. 266,222 shares of the stock were exchanged, compared to its average volume of 267,162. The firm has a market capitalization of $33.18 billion, a P/E ratio of 54.16, a PEG ratio of 2.62 and a beta of 1.28. 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 fifty day moving average price of $1,606.94 and a two-hundred day moving average price of $1,769.68.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The company had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.Fair Isaac's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period 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. Analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has approved a share buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have commented on FICO. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. 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 note on Wednesday, July 9th. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their target price for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company dropped their target price on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. 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 stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,134.57.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the 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 transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following 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 disclosure for this sale can be found here. Insiders sold 13,021 shares of company stock valued at $22,247,892 in the last three months. 3.46% of the stock is currently owned by company 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.