Hsbc Holdings PLC Has $71.18 Million Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Hsbc Holdings PLC reduced its stake in Fair Isaac Corporation by 17.3% in Q1, now holding 38,674 shares valued at approximately $71.2 million.
• Fair Isaac Corporation reported earnings of $8.57 per share for the last quarter, surpassing estimates and showing a 19.8% increase in revenue year-over-year.
• Insider trading activity included significant sales by CFO and CEO, indicating a notable decrease in their ownership in the company.

Hsbc Holdings PLC decreased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,674 shares of the technology company's stock after selling 8,093 shares during the period. Hsbc Holdings PLC owned about 0.16% of Fair Isaac worth $71,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after purchasing an additional 302 shares during the last quarter. First Trust Advisors LP boosted its stake in Fair Isaac by 7.3% in the fourth quarter. First Trust Advisors LP now owns 23,170 shares of the technology company's stock valued at $46,131,000 after buying an additional 1,574 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Fair Isaac by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 105,271 shares of the technology company's stock valued at $209,612,000 after buying an additional 2,359 shares in the last quarter. State of Tennessee Department of Treasury grew its position in Fair Isaac by 54.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 6,275 shares of the technology company's stock valued at $12,493,000 after acquiring an additional 2,213 shares during the last quarter. Finally, J. Safra Sarasin Holding AG acquired a new position in Fair Isaac during the fourth quarter worth about $1,029,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 3,811 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the transaction, the chief executive officer owned 44,338 shares in the company, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven P. Weber sold 1,000 shares of the business's 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 transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. This trade represents a 34.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,021 shares of company stock valued at $22,247,892. Insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reduced their price target on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Raymond James Financial cut their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Oppenheimer decreased their target price 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. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Finally, Griffin Securities set a $1,800.00 price objective on Fair Isaac in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $2,134.57.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $50.8630 during mid-day trading on Friday, reaching $1,412.5830. 275,337 shares of the company's stock were exchanged, compared to its average volume of 362,827. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The firm has a market capitalization of $33.90 billion, a price-to-earnings ratio of 55.24, a PEG ratio of 2.76 and a beta of 1.28. The business's fifty day moving average price is $1,574.19 and its 200-day moving average price is $1,757.66.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts' consensus estimates 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 negative return on equity of 48.88% and a net margin of 32.80%.Fair Isaac's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $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 fiscal year.

Fair Isaac declared that its Board of Directors has authorized a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.