Fair Isaac Corporation $FICO Shares Bought by Taikang Asset Management Hong Kong Co Ltd

Key Points

• Taikang Asset Management Hong Kong Co Ltd increased its holdings in Fair Isaac Corporation by 69.4%, owning 2,099 shares valued at approximately $3.87 million following its purchase of an additional 860 shares.
• Fair Isaac CFO and CEO made significant stock sales, with the CFO offloading 1,000 shares for $1.74 million and the CEO selling 6,010 shares for over $10.6 million, indicating a noteworthy shift in insider positions.
• Analysts have set new price targets for Fair Isaac, with recommendations varying from "buy" to "outperform," reflecting a consensus price target of $2,134.57 despite recent adjustments downward.

Taikang Asset Management Hong Kong Co Ltd increased its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 69.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,099 shares of the technology company's stock after purchasing an additional 860 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd's holdings in Fair Isaac were worth $3,871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FICO. Geo Capital Gestora de Recursos Ltd acquired a new position in Fair Isaac in the 1st quarter valued at about $28,000. N.E.W. Advisory Services LLC acquired a new position in shares of Fair Isaac during the first quarter worth about $30,000. Meeder Asset Management Inc. grew its position in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after buying an additional 5 shares in the last quarter. Mechanics Financial Corp acquired a new position in shares of Fair Isaac during the first quarter worth about $46,000. Finally, Colonial Trust Co SC grew its position in shares of Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after buying an additional 10 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Up 1.1%

Shares of Fair Isaac stock traded up $16.69 during trading hours on Friday, hitting $1,523.06. 646,345 shares of the company were exchanged, compared to its average volume of 272,167. The business has a 50-day moving average of $1,547.43 and a 200-day moving average of $1,746.75. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The stock has a market capitalization of $36.55 billion, a price-to-earnings ratio of 59.56, a P/E/G ratio of 2.76 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping 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 quarter in the prior year, the company posted $6.25 earnings per share. Fair Isaac'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, research 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 stock buyback plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of analyst reports. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. BMO Capital Markets lifted their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Needham & Company LLC dropped their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Raymond James Financial reduced their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,134.57.

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the transaction, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of the company'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 transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $74,492,399.16. This represents a 12.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,021 shares of company stock worth $22,247,892 in the last ninety days. 3.46% of the stock is currently owned by corporate 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.