Sumitomo Mitsui DS Asset Management Company Ltd Has $5.80 Million Position in Fair Isaac Corporation $FICO

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Fair Isaac Corporation by 9.1%, owning 3,173 shares valued at approximately $5.8 million after acquiring an additional 265 shares.
• Fair Isaac reported quarterly earnings of $8.57 EPS, surpassing analysts' estimates, with revenues of $536.42 million, reflecting a 19.8% year-over-year increase.
• The company has authorized a $1 billion share buyback program, indicating a belief that its stock is currently undervalued.

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,173 shares of the technology company's stock after purchasing an additional 265 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Fair Isaac were worth $5,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FICO. Geo Capital Gestora de Recursos Ltd acquired a new position in shares of Fair Isaac in the first quarter valued at $28,000. N.E.W. Advisory Services LLC acquired a new position in shares of Fair Isaac in the first quarter valued at $30,000. Meeder Asset Management Inc. boosted its position in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after acquiring an additional 5 shares during the period. Mechanics Financial Corp bought a new stake in shares of Fair Isaac in the first quarter valued at about $46,000. Finally, Hollencrest Capital Management boosted its position in shares of Fair Isaac by 766.7% in the first quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after acquiring an additional 23 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Trading Up 4.1%

NYSE FICO traded up $60.29 during trading on Monday, hitting $1,537.50. 111,596 shares of the company's stock were exchanged, compared to its average volume of 274,032. The company has a market cap of $36.90 billion, a PE ratio of 60.25, a P/E/G ratio of 2.88 and a beta of 1.35. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The stock's 50 day moving average price is $1,465.15 and its two-hundred day moving average price is $1,715.68.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. The firm had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a stock buyback program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FICO. Oppenheimer reduced their target price 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 reduced their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. UBS Group boosted their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a "neutral" rating in a research report on Monday, September 15th. BMO Capital Markets boosted their target price on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research report on Monday, August 18th. Finally, Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $2,101.71.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 18,032 shares of company stock worth $28,153,015 over the last three months. 3.46% of the stock is currently owned by insiders.

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.