Mirae Asset Global Investments Co. Ltd. Buys 1,574 Shares of Fair Isaac Corporation $FICO

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Fair Isaac Corporation by 29.0%, acquiring an additional 1,574 shares in the second quarter, bringing its total holdings to 7,007 shares valued at $12.8 million.
• Several hedge funds have also reported increases in their holdings of Fair Isaac, with 85.75% of the stock now owned by institutional investors.
• Fair Isaac recently announced a share buyback program for up to $1 billion, indicating the board's belief that the shares are undervalued.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 29.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 7,007 shares of the technology company's stock after acquiring an additional 1,574 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Fair Isaac were worth $12,809,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Meeder Asset Management Inc. lifted 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 worth $31,000 after acquiring an additional 5 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of Fair Isaac by 4.6% during the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after acquiring an additional 5 shares during the last quarter. City Holding Co. lifted its holdings in shares of Fair Isaac by 11.3% during the 1st 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 last quarter. Valeo Financial Advisors LLC lifted its holdings 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 lifted its holdings 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 worth $507,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on FICO. UBS Group boosted their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research note on Monday, September 15th. Raymond James Financial lowered their price objective on shares of 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. Oppenheimer lowered their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a research note on Monday, August 18th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and a consensus target price of $2,130.29.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,851.00 on Friday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The company's 50-day moving average is $1,476.07 and its 200 day moving average is $1,702.09. The stock has a market capitalization of $44.42 billion, a P/E ratio of 72.39, a P/E/G ratio of 2.90 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly 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. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the previous year, the company earned $6.25 earnings per share. Fair Isaac's quarterly 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. Research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has authorized a share buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows 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 shares are undervalued.

Insider Activity

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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 18,032 shares of company stock worth $28,153,015 in the last 90 days. 3.46% of the stock is owned by insiders.

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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