Tema Etfs LLC Purchases 612 Shares of Fair Isaac Corporation $FICO

Key Points

• Tema Etfs LLC significantly increased its stake in Fair Isaac Corporation by 117.5% during the first quarter, bringing its total shares to 1,133, valued at approximately $2,089,000.
• Analysts have set varying price targets for Fair Isaac, with BMO Capital Markets upping its target from $1,650 to $1,800 and a consensus target price now at $2,134.57.
• Fair Isaac reported earnings per share of $8.57 for the last quarter, exceeding estimates, while also announcing a $1 billion stock repurchase plan indicating confidence in the company's valuation.

Tema Etfs LLC boosted its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 117.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,133 shares of the technology company's stock after buying an additional 612 shares during the quarter. Tema Etfs LLC's holdings in Fair Isaac were worth $2,089,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FICO. Brighton Jones LLC boosted its stake in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after buying an additional 302 shares in the last quarter. Boothbay Fund Management LLC boosted its stake in shares of Fair Isaac by 298.2% during the fourth quarter. Boothbay Fund Management LLC now owns 434 shares of the technology company's stock valued at $864,000 after purchasing an additional 325 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Fair Isaac during the fourth quarter valued at about $2,083,000. Northern Trust Corp boosted its stake in shares of Fair Isaac by 20.1% during the fourth quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock valued at $506,096,000 after purchasing an additional 42,588 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in shares of Fair Isaac by 87.2% during the fourth quarter. Lido Advisors LLC now owns 820 shares of the technology company's stock valued at $1,633,000 after purchasing an additional 382 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Barclays cut their price target on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research note on Monday, August 18th. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Finally, Needham & Company LLC cut 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 note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $2,134.57.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the completion of the sale, the chief executive officer directly owned 44,338 shares in the company, valued at approximately $69,432,864.62. The trade was a 7.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,021 shares of company stock valued at $22,247,892. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Performance

Shares of FICO traded up $16.69 during mid-day trading on Monday, reaching $1,523.06. 650,867 shares of the company were exchanged, compared to its average volume of 348,804. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The stock has a market capitalization of $36.55 billion, a PE ratio of 59.56, a PEG ratio of 2.96 and a beta of 1.35. The business has a 50 day simple moving average of $1,541.73 and a two-hundred day simple moving average of $1,744.30.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results 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. The business 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 firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

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.