Fair Isaac Corporation $FICO Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC has reduced its stake in Fair Isaac Corporation by 20.4%, selling 1,716 shares, now owning 6,687 shares valued at approximately $12.33 million.
• Fair Isaac reported a quarterly earnings per share (EPS) of $8.57, exceeding estimates by $0.82, with revenue reaching $536.42 million, reflecting a 19.8% increase year-over-year.
• The company has initiated a $1 billion stock repurchase plan, indicating that leadership believes its stock may be undervalued, allowing for the repurchase of up to 2.3% of outstanding shares.

Rafferty Asset Management LLC trimmed its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,687 shares of the technology company's stock after selling 1,716 shares during the period. Rafferty Asset Management LLC's holdings in Fair Isaac were worth $12,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. Geo Capital Gestora de Recursos Ltd bought a new position in Fair Isaac during the 1st quarter worth about $28,000. N.E.W. Advisory Services LLC bought a new position in Fair Isaac during the 1st quarter worth about $30,000. Meeder Asset Management Inc. grew its holdings in Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after acquiring an additional 5 shares in the last quarter. Mechanics Financial Corp bought a new position in Fair Isaac during the 1st quarter worth about $46,000. Finally, Colonial Trust Co SC grew its holdings in Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after acquiring an additional 10 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total value of $9,026,058.40. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $63,284,533.92. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,031 shares of company stock worth $31,273,950. 3.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FICO has been the topic of several recent research reports. BMO Capital Markets increased their target price on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a report on Monday, August 18th. Wells Fargo & Company dropped their target price 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. Barclays dropped their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a report 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, Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price target for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. One equities 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $2,134.57.

Fair Isaac Stock Down 1.0%

FICO opened at $1,506.55 on Wednesday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The company has a market cap of $36.16 billion, a P/E ratio of 58.92, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. The firm's 50-day moving average price is $1,526.24 and its 200-day moving average price is $1,740.76.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter 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, research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a share buyback plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management 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.