Federation des caisses Desjardins du Quebec Grows Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Federation des caisses Desjardins du Quebec increased its holdings in Fair Isaac Corporation by 14.6%, owning 4,612 shares valued at approximately $8.5 million as of its latest SEC filing.
• Fair Isaac Corporation reported earnings of $8.57 per share for the last quarter, exceeding estimates, with revenues rising 19.8% year-over-year to $536.42 million.
• The company's Board has initiated a $1 billion stock buyback plan, indicating belief among executives that the stock is undervalued.

Federation des caisses Desjardins du Quebec grew its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 14.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,612 shares of the technology company's stock after purchasing an additional 587 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Fair Isaac were worth $8,505,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Fair Isaac by 0.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock valued at $1,518,803,000 after buying an additional 3,677 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after buying an additional 26,811 shares in the last quarter. American Century Companies Inc. lifted its stake in Fair Isaac by 4.7% in the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock valued at $712,985,000 after buying an additional 17,498 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Fair Isaac by 286,768.9% in the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after buying an additional 258,092 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group raised their price target on shares of Fair Isaac from $1,540.00 to $1,590.00 and gave the company a "neutral" rating in a research note on Monday. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Oppenheimer cut their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Finally, Wells Fargo & Company cut their price target on shares of 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 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2,098.14.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the completion of the sale, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $63,284,533.92. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 12,021 shares of company stock worth $18,911,102. 3.46% of the stock is currently owned by insiders.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $11.40 during trading on Tuesday, hitting $1,549.60. The company's stock had a trading volume of 107,659 shares, compared to its average volume of 272,840. The business has a 50 day moving average price of $1,501.26 and a two-hundred day moving average price of $1,734.41. The company has a market capitalization of $37.19 billion, a PE ratio of 60.57, a P/E/G ratio of 2.98 and a beta of 1.35. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51.

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

Fair Isaac announced that its board has initiated a stock buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are 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.