KLP Kapitalforvaltning AS Sells 1,000 Shares of Fair Isaac Corporation $FICO

Key Points

• KLP Kapitalforvaltning AS reduced its stake in Fair Isaac Corporation by 10.4%, selling 1,000 shares and holding a total of 8,630 shares valued at $15.77 million by the end of the last quarter.
• Fair Isaac reported an earnings per share (EPS) of $8.57 for the recent quarter, exceeding analysts' estimates, with a revenue increase of 19.8% year-over-year.
• The company has authorized a stock buyback program worth $1 billion, indicating that the board believes its shares are undervalued.

KLP Kapitalforvaltning AS decreased its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 10.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,630 shares of the technology company's stock after selling 1,000 shares during the period. KLP Kapitalforvaltning AS's holdings in Fair Isaac were worth $15,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Valley National Advisers Inc. bought a new stake in Fair Isaac in the second quarter valued at approximately $109,000. Petros Family Wealth LLC acquired a new position in shares of Fair Isaac in the second quarter valued at approximately $347,000. DAVENPORT & Co LLC grew its position in shares of Fair Isaac by 1.0% in the second quarter. DAVENPORT & Co LLC now owns 786 shares of the technology company's stock valued at $1,437,000 after purchasing an additional 8 shares during the last quarter. Realta Investment Advisors acquired a new position in shares of Fair Isaac in the second quarter valued at approximately $473,000. Finally, Segment Wealth Management LLC grew its position in shares of Fair Isaac by 7.1% in the second quarter. Segment Wealth Management LLC now owns 998 shares of the technology company's stock valued at $1,824,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,695.00 on Thursday. The company has a market capitalization of $40.68 billion, a P/E ratio of 66.29, a P/E/G ratio of 2.04 and a beta of 1.35. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The business's 50 day simple moving average is $1,493.45 and its 200 day simple moving average is $1,702.13.

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

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

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FICO has been the topic of several research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fair Isaac in a research report on Wednesday. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Raymond James Financial decreased their target price on 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. Finally, Barclays upped their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an "overweight" rating in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and an average price target of $2,130.29.

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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