United Services Automobile Association Invests $1.02 Million in Fair Isaac Corporation $FICO

Key Points

• United Services Automobile Association acquired 558 shares of Fair Isaac Corporation, valued at approximately $1,024,000, during the 1st quarter of 2023.
• Equities analysts have recently updated their ratings for Fair Isaac, with Baird R W upgrading the stock from "hold" to "strong-buy" and several others adjusting price targets between $1,590.00 and $1,953.00.
• Fair Isaac's CEO, William J. Lansing, sold 6,010 shares valued at over $9 million, reducing his ownership by 12.48%, amid a broader trend of insider selling totaling over $18 million in the last three months.

United Services Automobile Association purchased a new stake in Fair Isaac Corporation (NYSE:FICO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 558 shares of the technology company's stock, valued at approximately $1,024,000.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after buying an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Fair Isaac by 0.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock valued at $1,518,803,000 after buying an additional 3,677 shares during the period. Principal Financial Group Inc. raised its position in shares of Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after buying an additional 26,811 shares during the period. American Century Companies Inc. raised its position in shares of Fair Isaac by 4.7% in the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock worth $712,985,000 after buying an additional 17,498 shares during the period. Finally, GAMMA Investing LLC raised its position in Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after purchasing an additional 258,092 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 18,032 shares of company stock worth $28,153,015. 3.46% of the stock is owned by insiders.

Fair Isaac Trading Down 3.3%

NYSE:FICO traded down $52.50 during mid-day trading on Friday, hitting $1,544.06. The company's stock had a trading volume of 224,403 shares, compared to its average volume of 312,430. The stock has a fifty day moving average of $1,477.76 and a 200-day moving average of $1,728.92. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The company has a market capitalization of $37.06 billion, a price-to-earnings ratio of 60.39, a P/E/G ratio of 3.11 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share 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 analysts' expectations of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. Fair Isaac's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts anticipate 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 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 reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of analyst reports. Barclays dropped 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 report on Wednesday, July 9th. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Needham & Company LLC lowered 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. BMO Capital Markets upped their price target on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a report on Monday, August 18th. Finally, Raymond James Financial cut their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. One equities research 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 company's stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,098.14.

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.