Park Avenue Securities LLC Has $1.17 Million Position in Fair Isaac Corporation $FICO

Key Points

• Park Avenue Securities LLC increased its stake in Fair Isaac Corporation (NYSE:FICO) by 60.7% during the second quarter, raising its investment to approximately $1.17 million.
• Multiple institutional investors have significantly increased their holdings in Fair Isaac, with 85.75% of the company's stock now owned by such entities.
• Research analysts set varying price targets for Fair Isaac shares, with UBS increasing their target to $1,640, while Wells Fargo and Barclays reduced theirs to $2,300 and $2,000, respectively.

Park Avenue Securities LLC boosted its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 60.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 638 shares of the technology company's stock after purchasing an additional 241 shares during the quarter. Park Avenue Securities LLC's holdings in Fair Isaac were worth $1,166,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FICO. Brighton Jones LLC grew its holdings in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after purchasing an additional 302 shares during the period. Two Sigma Investments LP lifted its stake in Fair Isaac by 2.9% in the fourth quarter. Two Sigma Investments LP now owns 1,142 shares of the technology company's stock valued at $2,274,000 after buying an additional 32 shares in the last quarter. Jefferies Financial Group Inc. lifted its stake in Fair Isaac by 41.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 348 shares of the technology company's stock valued at $693,000 after buying an additional 102 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Fair Isaac by 17.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 102 shares of the technology company's stock valued at $188,000 after buying an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Fair Isaac by 270.8% in the first quarter. Versant Capital Management Inc now owns 89 shares of the technology company's stock valued at $164,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on FICO shares. UBS Group lifted their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a "neutral" rating in a research note on Monday, September 15th. Wells Fargo & Company cut 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 research note on Wednesday, July 9th. Barclays cut their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Finally, Raymond James Financial cut their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,101.71.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the 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 completion of the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 18,032 shares of company stock valued at $28,153,015 over the last three months. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Performance

FICO stock opened at $1,518.77 on Friday. The company has a market capitalization of $36.45 billion, a PE ratio of 59.40, a price-to-earnings-growth ratio of 3.02 and a beta of 1.35. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The company's 50-day simple moving average is $1,465.98 and its 200 day simple moving average is $1,708.83.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) 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 the consensus estimate 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 revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the company posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has approved a stock repurchase program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

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.

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