Nippon Life Global Investors Americas Inc. Grows Holdings in Fair Isaac Corporation $FICO

Key Points

• Nippon Life Global Investors Americas Inc. increased its holdings in Fair Isaac Corporation by 59.5% in the first quarter, owning a total of 8,040 shares valued at approximately $14.83 million.
• Several analysts have adjusted their price targets for Fair Isaac, with Oppenheimer lowering it from $2,300 to $1,953, while Baird raised its rating from "neutral" to "outperform."
• Fair Isaac recently announced a $1 billion share buyback program, signaling the company's belief that its shares are currently undervalued.

Nippon Life Global Investors Americas Inc. grew its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 59.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,040 shares of the technology company's stock after buying an additional 3,000 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Fair Isaac were worth $14,827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Fair Isaac by 286,768.9% during the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after purchasing an additional 258,092 shares during the last quarter. Millennium Management LLC increased its holdings in Fair Isaac by 663.1% in the fourth quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock valued at $215,715,000 after buying an additional 94,150 shares in the last quarter. Nuveen LLC purchased a new position in Fair Isaac in the first quarter valued at $114,864,000. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after purchasing an additional 58,740 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new stake in shares of Fair Isaac during the fourth quarter worth about $66,718,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

FICO traded down $10.51 on Wednesday, reaching $1,536.05. 190,166 shares of the company's stock were exchanged, compared to its average volume of 272,870. The stock has a market cap of $36.87 billion, a PE ratio of 60.07, a P/E/G ratio of 3.00 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. The stock's fifty day moving average price is $1,495.33 and its 200-day moving average price is $1,733.11.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. Fair Isaac's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has authorized a stock repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FICO. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Barclays cut their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Oppenheimer cut their target price 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 target price on shares of Fair Isaac in a research note on Monday, August 18th. Finally, Wells Fargo & Company cut their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,098.14.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total value of $9,026,058.40. Following the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $63,284,533.92. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 12,021 shares of company stock valued at $18,911,102. Insiders own 3.46% of the company's stock.

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.