UniSuper Management Pty Ltd Purchases 401 Shares of Fair Isaac Corporation $FICO

Key Points

• UniSuper Management Pty Ltd increased its stake in Fair Isaac Corporation by 8.2%, acquiring an additional 401 shares and bringing its total to 5,311 shares valued at approximately $9.79 million.
• Fair Isaac reported quarterly earnings of $8.57 per share, exceeding analysts' expectations and achieving a 19.8% increase in revenue compared to the previous year.
• Several institutional investors are actively buying Fair Isaac shares, with 85.75% of the stock currently owned by hedge funds and other institutions, indicating strong investor confidence.

UniSuper Management Pty Ltd increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,311 shares of the technology company's stock after acquiring an additional 401 shares during the period. UniSuper Management Pty Ltd's holdings in Fair Isaac were worth $9,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FICO. Brighton Jones LLC boosted its stake in Fair Isaac by 168.7% during 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 during the period. Captrust Financial Advisors increased its holdings in shares of Fair Isaac by 30.0% in the 4th quarter. Captrust Financial Advisors now owns 780 shares of the technology company's stock worth $1,553,000 after buying an additional 180 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Fair Isaac during the 4th quarter valued at $400,000. Ensign Peak Advisors Inc raised its position in shares of Fair Isaac by 5.6% during the 4th quarter. Ensign Peak Advisors Inc now owns 14,915 shares of the technology company's stock valued at $29,695,000 after buying an additional 785 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new stake in shares of Fair Isaac during the 4th quarter worth $571,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,534.60 on Monday. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The business's 50 day simple moving average is $1,506.98 and its two-hundred day simple moving average is $1,735.51. The stock has a market capitalization of $36.83 billion, a P/E ratio of 60.02, a price-to-earnings-growth ratio of 2.98 and a beta of 1.35.

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 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 during the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the prior year, the firm posted $6.25 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts expect 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 share buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently commented on FICO shares. Barclays reduced their target price 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. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price objective for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. BMO Capital Markets boosted their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Oppenheimer cut their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. One research 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $2,134.57.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total value of $9,026,058.40. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $63,284,533.92. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 18,031 shares of company stock valued at $29,535,700. 3.46% of the stock is owned by company insiders.

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.

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