Price T Rowe Associates Inc. MD Raises Stock Position in Fair Isaac Corporation $FICO

Key Points

• Price T Rowe Associates Inc. increased its holdings in Fair Isaac Corporation to approximately $1.52 billion, representing a 0.4% rise in shares during the first quarter.
• Fair Isaac Corporation reported earnings of $8.57 per share for the latest quarter, exceeding analysts' estimates, and saw a 19.8% year-over-year increase in revenue.
• The company has authorized a $1 billion share buyback plan, indicating management believes the stock is undervalued.

Price T Rowe Associates Inc. MD raised its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 823,574 shares of the technology company's stock after purchasing an additional 3,677 shares during the period. Price T Rowe Associates Inc. MD owned 3.38% of Fair Isaac worth $1,518,803,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Geo Capital Gestora de Recursos Ltd purchased a new position in Fair Isaac during the first quarter valued at approximately $28,000. N.E.W. Advisory Services LLC purchased a new position in Fair Isaac during the first quarter valued at approximately $30,000. Meeder Asset Management Inc. grew its stake in Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after acquiring an additional 5 shares in the last quarter. Mechanics Financial Corp purchased a new position in Fair Isaac during the first quarter valued at approximately $46,000. Finally, Colonial Trust Co SC grew its stake in Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 3,811 shares of the company's 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 completion of the sale, the chief executive officer directly owned 44,338 shares in the company, valued at $69,432,864.62. This represents a 7.92% decrease in their position. The transaction was disclosed in a 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 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 sale, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,021 shares of company stock valued at $22,247,892 over the last quarter. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Trading Up 3.7%

Shares of FICO traded up $50.8630 during mid-day trading on Friday, reaching $1,412.5830. The company's stock had a trading volume of 275,337 shares, compared to its average volume of 362,827. The stock has a market cap of $33.90 billion, a PE ratio of 55.24, a P/E/G ratio of 2.76 and a beta of 1.28. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The company's fifty day moving average price is $1,574.19 and its two-hundred day moving average price is $1,757.66.

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 for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The firm 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 business'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 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Needham & Company LLC reduced their price objective 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. BMO Capital Markets boosted their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Raymond James Financial cut 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. Finally, Barclays cut their price target 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,134.57.

Fair Isaac 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.