Fair Isaac Corporation $FICO Shares Acquired by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its position in Fair Isaac Corporation by 89.7%, acquiring an additional 1,326 shares, leading to total holdings valued at $5,171,000.
• Institutional investors own approximately 85.75% of Fair Isaac's stock, with significant increases noted from firms like GAMMA Investing LLC and Vanguard Group.
• Fair Isaac's board approved a $1.00 billion stock buyback plan, indicating confidence in the company's undervalued shares amidst a recent quarter of strong financial performance.

Vestmark Advisory Solutions Inc. lifted its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 89.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,804 shares of the technology company's stock after acquiring an additional 1,326 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Fair Isaac were worth $5,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. N.E.W. Advisory Services LLC bought a new stake in Fair Isaac during the first quarter valued at about $30,000. Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares in the last quarter. Mechanics Financial Corp bought a new stake in shares of Fair Isaac in the 1st quarter valued at about $46,000. Colonial Trust Co SC increased its position in Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares in the last quarter. Finally, Hollencrest Capital Management increased its stake in Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Performance

FICO traded up $35.5610 during trading on Tuesday, reaching $1,385.7010. The company had a trading volume of 278,692 shares, compared to its average volume of 267,221. 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 market cap of $33.26 billion, a price-to-earnings ratio of 54.19, a PEG ratio of 2.62 and a beta of 1.28. The firm's 50-day simple moving average is $1,606.94 and its 200 day simple moving average is $1,769.68.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the prior year, the business earned $6.25 earnings per share. The company's 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. On average, sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has authorized a share buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 3,811 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were 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 of the company's stock, valued at approximately $69,432,864.62. This represents a 7.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the firm's 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 transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,021 shares of company stock valued at $22,247,892 in the last ninety days. 3.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on FICO. Needham & Company LLC lowered their price target on shares of 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 on the stock in a research note on Thursday, July 31st. Wells Fargo & Company reduced their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Oppenheimer cut their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Finally, Baird R W raised shares of 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 issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $2,134.57.

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.