Riverbridge Partners LLC Has $32.93 Million Stock Position in Fair Isaac Corporation $FICO

Key Points

• Riverbridge Partners LLC reduced its stake in Fair Isaac Corporation by 2.7%, owning approximately 0.07% of the company worth $32.93 million after selling 499 shares.
• Several institutional investors, including Vanguard Group and Principal Financial Group, have increased their positions in Fair Isaac, indicating strong interest, with institutional ownership at 85.75%.
• Fair Isaac reported a quarterly earnings per share (EPS) of $8.57, exceeding estimates, and has set a fiscal year 2025 guidance of 29.15 EPS, while also announcing a $1 billion stock buyback plan.

Riverbridge Partners LLC decreased its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,016 shares of the technology company's stock after selling 499 shares during the quarter. Riverbridge Partners LLC owned about 0.07% of Fair Isaac worth $32,932,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after purchasing an additional 58,740 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Fair Isaac by 0.4% during 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 purchasing an additional 3,677 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Fair Isaac by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after purchasing an additional 26,811 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Fair Isaac by 4.7% during 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Fair Isaac by 29.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company's stock worth $584,193,000 after acquiring an additional 72,518 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FICO. Griffin Securities set a $1,800.00 target price on Fair Isaac in a report on Monday, August 18th. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Needham & Company LLC decreased their target price on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Finally, BMO Capital Markets boosted their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a report on Monday, August 18th. One 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 stock. According to MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $2,101.71.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,545.52 on Thursday. The stock's fifty day moving average price is $1,465.96 and its two-hundred day moving average price is $1,711.26. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The firm has a market cap of $37.09 billion, a price-to-earnings ratio of 60.44, a P/E/G ratio of 2.99 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $520.40 million. During the same period in the prior year, the firm posted $6.25 EPS. The company's revenue for the quarter was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 18,032 shares of company stock worth $28,153,015. Corporate insiders own 3.46% of the company's stock.

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.

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