Fair Isaac Corporation $FICO Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its holdings in Fair Isaac Corporation by 3.2%, now owning 246,172 shares valued at approximately $453.98 million.
• Fair Isaac reported a quarterly EPS of $8.57, exceeding expectations, with revenues increasing 19.8% year-over-year to $536.42 million.
• The company has initiated a $1 billion stock repurchase program indicating confidence in its share valuation, allowing it to buy back up to 2.3% of its total shares outstanding.

Northern Trust Corp lessened its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246,172 shares of the technology company's stock after selling 8,029 shares during the quarter. Northern Trust Corp owned 1.01% of Fair Isaac worth $453,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Nebula Research & Development LLC purchased a new stake in Fair Isaac in the 4th quarter valued at approximately $2,540,000. CWA Asset Management Group LLC boosted its holdings in Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after purchasing an additional 19 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after acquiring an additional 17 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Fair Isaac by 55.6% during the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Analysts Set New Price Targets

FICO has been the topic of several research analyst reports. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research note on Monday, August 18th. Wells Fargo & Company decreased their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Needham & Company LLC decreased their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Finally, BMO Capital Markets lifted their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Fair Isaac has a consensus rating of "Moderate Buy" and an average target price of $2,134.57.

Fair Isaac Stock Up 3.7%

Shares of NYSE FICO traded up $50.8630 during trading on Friday, hitting $1,412.5830. 275,337 shares of the company traded hands, compared to its average volume of 362,827. The company has a 50-day moving average price of $1,574.19 and a 200-day moving average price of $1,758.25. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The firm has a market capitalization of $33.90 billion, a P/E ratio of 55.24, a P/E/G ratio of 2.65 and a beta of 1.28.

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 for the quarter, topping analysts' consensus estimates 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 firm had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same period in the prior year, the company earned $6.25 EPS. The firm's 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 predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the transaction, the chief executive officer owned 44,338 shares in the company, valued at $69,432,864.62. This represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,021 shares of company stock valued at $22,247,892. 3.46% of the stock is owned by corporate insiders.

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.