Shell Asset Management Co. Purchases 254 Shares of Fair Isaac Corporation $FICO

Key Points

• Shell Asset Management Co. increased its shareholding in Fair Isaac Corporation by 4% in Q2, now owning a total of 6,577 shares worth approximately $12.02 million.
• Fair Isaac reported $8.57 earnings per share for the latest quarter, exceeding estimates, with a year-over-year revenue increase of 19.8%.
• The company has authorized a $1 billion share repurchase plan, indicating the board's belief that the stock is undervalued.

Shell Asset Management Co. lifted its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,577 shares of the technology company's stock after acquiring an additional 254 shares during the period. Shell Asset Management Co.'s holdings in Fair Isaac were worth $12,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. Brighton Jones LLC grew its holdings in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Fair Isaac by 128.0% in the 1st quarter. Merit Financial Group LLC now owns 399 shares of the technology company's stock worth $736,000 after buying an additional 224 shares during the last quarter. RFG Advisory LLC purchased a new position in shares of Fair Isaac in the first quarter worth about $218,000. Sivia Capital Partners LLC bought a new stake in Fair Isaac during the 1st quarter valued at $239,000. Finally, Wedmont Private Capital lifted its position in shares of Fair Isaac by 9.9% during the first quarter. Wedmont Private Capital now owns 323 shares of the technology company's stock worth $610,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Price Performance

NYSE:FICO opened at $1,849.87 on Tuesday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The firm has a market capitalization of $44.40 billion, a price-to-earnings ratio of 72.35, a PEG ratio of 2.14 and a beta of 1.35. The business has a 50 day simple moving average of $1,482.81 and a 200-day simple moving average of $1,700.97.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share 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 previous year, the company posted $6.25 earnings per share. The firm's quarterly revenue 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 expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has authorized a share repurchase 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 typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

FICO has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Fair Isaac to a "strong-buy" rating in a research note on Wednesday, October 1st. Griffin Securities set a $1,800.00 target price on Fair Isaac in a report on Monday, August 18th. Barclays lifted their price target on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an "overweight" rating in a research report on Thursday, October 2nd. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Needham & Company LLC reissued a "buy" rating and set a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $2,130.29.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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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