J. Safra Sarasin Holding AG Purchases 1,577 Shares of Fair Isaac Corporation $FICO

Key Points

• J. Safra Sarasin Holding AG significantly increased its stake in Fair Isaac Corporation, purchasing an additional 1,577 shares and raising its total holdings to 2,102 shares, valued at approximately $3.84 million.
• Fair Isaac recently reported earnings per share (EPS) of $8.57 for the last quarter, surpassing expectations, with revenues of $536.42 million showing a 19.8% year-over-year increase.
• The company has initiated a $1 billion stock buyback program as management believes its stock is undervalued, reflecting a positive outlook on the future value of its shares.

J. Safra Sarasin Holding AG raised its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 300.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,102 shares of the technology company's stock after acquiring an additional 1,577 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Fair Isaac were worth $3,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares during the period. Baker Avenue Asset Management LP increased its holdings in Fair Isaac by 4.6% during the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock valued at $209,000 after buying an additional 5 shares during the last quarter. City Holding Co. raised its position in Fair Isaac by 11.3% in the first quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after acquiring an additional 6 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Fair Isaac by 4.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock worth $262,000 after acquiring an additional 6 shares during the last quarter. Finally, Forum Financial Management LP grew its position in shares of Fair Isaac by 2.2% during the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock valued at $507,000 after acquiring an additional 6 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 17.8%

Shares of FICO opened at $1,781.42 on Friday. The business's 50 day moving average is $1,469.68 and its 200 day moving average is $1,703.01. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The company has a market capitalization of $42.75 billion, a PE ratio of 69.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the firm posted $6.25 EPS. The company's revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities research 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 initiated a stock buyback program on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FICO. Wells Fargo & Company set a $2,300.00 target price on Fair Isaac in a report on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a research report on Monday, August 18th. BMO Capital Markets boosted their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $2,130.29.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction on 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 sale, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 18,032 shares of company stock valued at $28,153,015. Insiders own 3.46% of the company's stock.

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.

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