US Bancorp DE Trims Stake in Fair Isaac Corporation $FICO

US Bancorp DE trimmed its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 19.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,617 shares of the technology company's stock after selling 640 shares during the period. US Bancorp DE's holdings in Fair Isaac were worth $4,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FICO. ORG Partners LLC purchased a new stake in shares of Fair Isaac in the 2nd quarter worth $27,000. Hilltop National Bank purchased a new stake in Fair Isaac in the 2nd quarter worth $27,000. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac in the 1st quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new stake in Fair Isaac in the 1st quarter worth $30,000. Finally, Meeder Asset Management Inc. increased its stake in Fair Isaac by 41.7% in the 1st 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. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Down 0.9%

Shares of NYSE:FICO opened at $1,650.00 on Tuesday. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The company has a 50-day moving average price of $1,510.43 and a 200 day moving average price of $1,695.26. The company has a market cap of $39.60 billion, a price-to-earnings ratio of 64.53, a PEG ratio of 1.83 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the firm earned $6.25 EPS. The firm's revenue for the quarter 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. As a group, equities analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on FICO shares. Needham & Company LLC reiterated a "buy" rating and issued a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. Oppenheimer lowered Fair Isaac from an "outperform" rating to a "market perform" rating in a research note on Monday. Seaport Res Ptn raised shares of Fair Isaac to a "strong-buy" rating in a report on Wednesday, October 1st. Zacks Research raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Finally, Barclays increased their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $2,130.29.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value 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. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.46% of the company's stock.

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.

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