Fair Isaac Corporation $FICO Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. reduced its stake in Fair Isaac Corporation by 1.3%, now holding approximately 98,921 shares valued at $182.4 million.
• Insider trades revealed that CEO William J. Lansing sold 6,010 shares and CFO Steven P. Weber sold 1,000 shares, indicating a decrease in their ownership stakes in the company.
• Wall Street analysts have mixed expectations for Fair Isaac, with price target adjustments ranging from a decrease to a "strong-buy" rating, while the consensus rating remains "Buy" with an average target price of $2,163.14.

Raymond James Financial Inc. lowered its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,921 shares of the technology company's stock after selling 1,254 shares during the quarter. Raymond James Financial Inc. owned about 0.41% of Fair Isaac worth $182,426,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after buying an additional 302 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in Fair Isaac in the fourth quarter valued at approximately $440,000. XTX Topco Ltd purchased a new stake in Fair Isaac in the fourth quarter valued at approximately $500,000. Canada Pension Plan Investment Board boosted its position in Fair Isaac by 40.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 5,736 shares of the technology company's stock valued at $11,420,000 after buying an additional 1,648 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Fair Isaac by 7.3% in the fourth quarter. First Trust Advisors LP now owns 23,170 shares of the technology company's stock valued at $46,131,000 after buying an additional 1,574 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the sale, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,021 shares of company stock valued at $22,247,892. 3.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent research reports. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their target price for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. BMO Capital Markets upped 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. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Raymond James Financial lowered their price objective on 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 research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $2,134.57.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $50.8630 during midday trading on Friday, reaching $1,412.5830. 202,577 shares of the company's stock traded hands, compared to its average volume of 268,418. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The company has a market cap of $33.91 billion, a P/E ratio of 55.24, a PEG ratio of 2.62 and a beta of 1.28. The company has a fifty day simple moving average of $1,581.64 and a two-hundred day simple moving average of $1,760.99.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm had revenue of $536.42 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, research analysts forecast 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 program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are 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.