Lansforsakringar Fondforvaltning AB publ Lowers Position in Fair Isaac Corporation $FICO

Key Points

• Lansforsakringar Fondforvaltning AB publ sold 178 shares of Fair Isaac Corporation, reducing its stake by 2.2%, and now holds 7,839 shares valued at approximately $14.46 million.
• A number of hedge funds, including CWA Asset Management Group and Tidal Investments LLC, significantly increased their positions in Fair Isaac, with Tidal growing its stake by 692.2%.
• Fair Isaac Corporation reported an EPS of $8.57 for the latest quarter, exceeding analyst expectations, and announced a $1 billion share repurchase program, indicating management's belief that the stock is undervalued.

Lansforsakringar Fondforvaltning AB publ cut its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,839 shares of the technology company's stock after selling 178 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Fair Isaac were worth $14,456,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its position 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. Baker Avenue Asset Management LP raised its holdings in Fair Isaac by 4.6% in the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after purchasing an additional 5 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its position in Fair Isaac by 1.0% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock valued at $1,210,000 after acquiring an additional 6 shares in the last quarter. City Holding Co. grew its stake 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 purchasing an additional 6 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in Fair Isaac by 4.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after acquiring an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FICO shares. Barclays reduced their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research report on Monday, August 18th. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, 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 for the company in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,134.57.

Fair Isaac Stock Performance

Shares of NYSE FICO traded down $15.09 during midday trading on Tuesday, hitting $1,506.55. 334,466 shares of the company's stock traded hands, compared to its average volume of 273,314. The stock has a market capitalization of $36.16 billion, a price-to-earnings ratio of 58.92, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. The firm has a fifty day moving average of $1,534.57 and a 200 day moving average of $1,742.40. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $520.40 million. During the same quarter last year, the company posted $6.25 EPS. The company's 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, equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has approved a stock buyback plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the 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 sale, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,021 shares of company stock worth $22,247,892. 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.