Nomura Holdings Inc. Grows Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Nomura Holdings Inc. increased its stake in Fair Isaac Corporation by 73.1% in Q1, owning 1,397 shares worth approximately $2.576 million.
• Several institutional investors made significant changes to their Fair Isaac positions, with GAMMA Investing LLC raising its stake by an astonishing 286,768.9%, now owning 258,182 shares valued at $476.1 million.
• Fair Isaac Corporation reported an EPS of $8.57 for the last quarter, surpassing analyst estimates, and has announced a $1 billion stock buyback, indicating management believes the stock is undervalued.

Nomura Holdings Inc. raised its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 73.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,397 shares of the technology company's stock after acquiring an additional 590 shares during the period. Nomura Holdings Inc.'s holdings in Fair Isaac were worth $2,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FICO. Junto Capital Management LP purchased a new position in shares of Fair Isaac in the 1st quarter worth $56,804,000. Baird Financial Group Inc. grew its stake in shares of Fair Isaac by 3.9% in the 1st quarter. Baird Financial Group Inc. now owns 2,343 shares of the technology company's stock worth $4,321,000 after buying an additional 89 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Fair Isaac by 11.1% in the 1st quarter. Panagora Asset Management Inc. now owns 753 shares of the technology company's stock worth $1,389,000 after buying an additional 75 shares in the last quarter. Stony Point Capital LLC grew its stake in shares of Fair Isaac by 31.2% in the 1st quarter. Stony Point Capital LLC now owns 11,034 shares of the technology company's stock worth $20,348,000 after buying an additional 2,626 shares in the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of Fair Isaac by 16.6% during the 1st quarter. Vident Advisory LLC now owns 6,690 shares of the technology company's stock worth $12,337,000 after purchasing an additional 950 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

Fair Isaac stock traded up $15.68 during trading hours on Friday, hitting $1,534.60. The company had a trading volume of 194,726 shares, compared to its average volume of 325,239. The firm has a market cap of $36.83 billion, a P/E ratio of 60.02, a P/E/G ratio of 2.98 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 company has a 50-day moving average price of $1,506.98 and a two-hundred day moving average price of $1,735.44.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million during 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%. The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has initiated a share buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the transaction, the chief executive officer owned 42,138 shares in the company, valued at $74,492,399.16. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the transaction, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,031 shares of company stock valued at $31,273,950. 3.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on FICO. Raymond James Financial dropped their price target 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. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price target for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Needham & Company LLC dropped 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 note on Wednesday, July 16th. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Finally, Oppenheimer dropped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2,134.57.

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.