Fair Isaac Corporation $FICO Stock Holdings Raised by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Fair Isaac Corporation by 10.5%, bringing the total value of its investment to $4.25 million as of the end of the most recent quarter.
• Fair Isaac's stock opened at $1,505.62 and has a market capitalization of $36.13 billion, with a twelve-month trading range between $1,300.00 and $2,402.51.
• The company reported earnings of $8.57 per share, exceeding analysts' expectations, with a revenue of $536.42 million, marking a 19.8% increase year-over-year.

OMERS ADMINISTRATION Corp lifted its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 10.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,306 shares of the technology company's stock after purchasing an additional 219 shares during the period. OMERS ADMINISTRATION Corp's holdings in Fair Isaac were worth $4,253,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FICO. Vanguard Group Inc. grew its stake in Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after acquiring an additional 58,740 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Fair Isaac by 0.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock worth $1,518,803,000 after acquiring an additional 3,677 shares during the period. Principal Financial Group Inc. grew its stake in Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after acquiring an additional 26,811 shares during the period. American Century Companies Inc. grew its stake in Fair Isaac by 4.7% in the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock worth $712,985,000 after acquiring an additional 17,498 shares during the period. Finally, GAMMA Investing LLC grew its stake in Fair Isaac by 286,768.9% in the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after acquiring an additional 258,092 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fair Isaac

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

Analyst Ratings Changes

Several analysts have commented on FICO shares. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research note on Monday, August 18th. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. BMO Capital Markets lifted their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a report on Monday, August 18th. Wells Fargo & Company decreased their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Finally, Raymond James Financial decreased their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. One research 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. According to data from MarketBeat.com, the stock presently 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 $33.52 during midday trading on Tuesday, hitting $1,488.12. 215,454 shares of the company's stock traded hands, compared to its average volume of 272,511. The company has a market cap of $35.71 billion, a PE ratio of 58.20, a P/E/G ratio of 2.96 and a beta of 1.35. The firm's fifty day moving average price is $1,534.57 and its two-hundred day moving average price is $1,742.40. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate of $7.75 by $0.82. The business 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%. The business's quarterly revenue was up 19.8% on a year-over-year basis. 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 fiscal year.

Fair Isaac announced that its board has initiated a stock buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

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.