Index Fund Advisors Inc. Buys New Shares in Fair Isaac Corporation $FICO

Key Points

• Index Fund Advisors Inc. recently purchased 804 shares of Fair Isaac Corporation, valued at approximately $1,470,000, indicating strong interest from institutional investors.
• Fair Isaac's stock is currently trading at $1,668.26 with a market cap of $40.04 billion, and analysts have set a consensus target price of $2,130.29.
• The company reported earnings of $8.57 per share, exceeding estimates, and announced a $1 billion stock buyback program, suggesting confidence in its financial health.

Index Fund Advisors Inc. purchased a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 804 shares of the technology company's stock, valued at approximately $1,470,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geo Capital Gestora de Recursos Ltd purchased a new position in shares of Fair Isaac during the 1st quarter valued at about $28,000. ORG Partners LLC bought a new position in Fair Isaac during the second quarter valued at approximately $27,000. Hilltop National Bank purchased a new position in shares of Fair Isaac during the second quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fair Isaac in the 1st quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. grew its holdings 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 valued at $31,000 after purchasing an additional 5 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

NYSE FICO opened at $1,668.26 on Monday. The stock has a market cap of $40.04 billion, a P/E ratio of 65.24, a price-to-earnings-growth ratio of 1.83 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. The stock has a 50 day simple moving average of $1,504.63 and a two-hundred day simple moving average of $1,696.55.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results 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 analysts' expectations 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 was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has approved a stock buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 6,011 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the sale, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Raymond James Financial lowered their target price on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Needham & Company LLC restated a "buy" rating and set a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday, October 2nd. UBS Group boosted their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a "neutral" rating in a research report on Monday, September 15th. Finally, Zacks Research upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Fair Isaac has a consensus rating of "Buy" and a consensus target price of $2,130.29.

Fair Isaac Company 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.

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