Fair Isaac Corporation $FICO Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Fair Isaac Corporation by 22.3% during the first quarter, bringing its total holdings to 35,091 shares worth approximately $64.7 million.
• Insider transactions revealed that CEO William J. Lansing sold 6,010 shares at an average price of $1,501.84, resulting in a decrease of 12.48% in his ownership of the company.
• Fair Isaac recently announced a $1 billion stock buyback program, reflecting management's belief that the company's shares are undervalued.

Intech Investment Management LLC raised its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 22.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,091 shares of the technology company's stock after buying an additional 6,389 shares during the quarter. Fair Isaac comprises 0.7% of Intech Investment Management LLC's holdings, making the stock its 22nd largest position. Intech Investment Management LLC owned 0.14% of Fair Isaac worth $64,713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Wealth grew its holdings in shares of Fair Isaac by 2.5% during the first quarter. Focus Partners Wealth now owns 43,149 shares of the technology company's stock valued at $79,574,000 after buying an additional 1,048 shares during the last quarter. Bayforest Capital Ltd grew its holdings in shares of Fair Isaac by 417.1% during the first quarter. Bayforest Capital Ltd now owns 393 shares of the technology company's stock valued at $725,000 after buying an additional 317 shares during the last quarter. Alaethes Wealth LLC grew its holdings in shares of Fair Isaac by 2.5% during the first quarter. Alaethes Wealth LLC now owns 1,397 shares of the technology company's stock valued at $2,576,000 after buying an additional 34 shares during the last quarter. SCS Capital Management LLC purchased a new stake in shares of Fair Isaac during the first quarter valued at $312,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Fair Isaac by 29.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company's stock valued at $584,193,000 after buying an additional 72,518 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday, August 18th. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Oppenheimer dropped 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 report on Thursday, July 31st. Needham & Company LLC lowered 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 report on Wednesday, July 16th. Finally, UBS Group increased their price target on Fair Isaac from $1,540.00 to $1,590.00 and gave the stock a "neutral" rating in a research report on Monday. 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's stock. According to data from MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus price target of $2,098.14.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company'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 transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 18,032 shares of company stock valued at $28,153,015 in the last three months. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Trading Down 3.3%

Shares of Fair Isaac stock traded down $52.50 during trading hours on Friday, reaching $1,544.06. The stock had a trading volume of 224,403 shares, compared to its average volume of 312,430. The stock's 50 day moving average is $1,477.76 and its 200 day moving average is $1,728.92. The firm has a market capitalization of $37.06 billion, a PE ratio of 60.39, a PEG ratio of 3.11 and a beta of 1.35. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping 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 net margin of 32.80% and a negative return on equity of 48.88%. The company's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior 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, sell-side analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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