Robeco Institutional Asset Management B.V. Sells 15,182 Shares of Fair Isaac Corporation $FICO

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Fair Isaac Corporation by 62.8%, selling 15,182 shares during the second quarter, leaving them with 8,977 shares worth approximately $16.41 million.
• Analysts have varying price targets for Fair Isaac, with Barclays increasing their target from $2,000 to $2,400, while Oppenheimer lowered theirs from $2,300 to $1,953.
• Fair Isaac announced a $1 billion stock repurchase program, indicating the board believes the stock is undervalued, and reported a 19.8% increase in revenue year-over-year for their latest quarter.

Robeco Institutional Asset Management B.V. reduced its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 62.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,977 shares of the technology company's stock after selling 15,182 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Fair Isaac were worth $16,410,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FICO. ORG Partners LLC purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at approximately $27,000. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac during the 1st quarter worth about $28,000. N.E.W. Advisory Services LLC bought a new position in Fair Isaac in 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 valued at $31,000 after buying an additional 5 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Fair Isaac during the second quarter valued at about $31,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FICO. Seaport Res Ptn upgraded shares of Fair Isaac to a "strong-buy" rating in a research report on Wednesday. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Oppenheimer reduced their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Wells Fargo & Company set a $2,300.00 price objective on Fair Isaac in a research report on Wednesday. Finally, Barclays lifted their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an "overweight" rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,130.29.

Fair Isaac Stock Performance

NYSE FICO opened at $1,851.00 on Friday. 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 fifty day moving average of $1,476.07 and a 200-day moving average of $1,702.09. The company has a market capitalization of $44.42 billion, a P/E ratio of 72.39, a P/E/G ratio of 2.90 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share 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 business had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the business posted $6.25 earnings per share. 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. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its board has approved a stock repurchase program on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the sale, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 18,032 shares of company stock worth $28,153,015. Company insiders own 3.46% of the company's stock.

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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