Vident Advisory LLC Purchases 950 Shares of Fair Isaac Corporation $FICO

Key Points

• Vident Advisory LLC increased its holdings in Fair Isaac Corporation (NYSE:FICO) by 16.6%, acquiring an additional 950 shares to reach a total of 6,690 shares valued at approximately $12.34 million.
• CEO William J. Lansing sold 6,010 shares of Fair Isaac stock, resulting in a 12.48% decrease in his position, while CFO Steven P. Weber also reduced his holdings by 34.94%.
• Fair Isaac has announced a $1 billion stock buyback plan, indicating that the company believes its shares are currently undervalued.

Vident Advisory LLC increased its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 16.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,690 shares of the technology company's stock after acquiring an additional 950 shares during the period. Vident Advisory LLC's holdings in Fair Isaac were worth $12,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Evergreen Capital Management LLC lifted its position in Fair Isaac by 8.7% during the first quarter. Evergreen Capital Management LLC now owns 287 shares of the technology company's stock valued at $529,000 after purchasing an additional 23 shares in the last quarter. Driehaus Capital Management LLC lifted its position in Fair Isaac by 5.3% during the first quarter. Driehaus Capital Management LLC now owns 8,550 shares of the technology company's stock valued at $15,768,000 after purchasing an additional 427 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Fair Isaac by 12.7% during the first quarter. Canada Pension Plan Investment Board now owns 6,465 shares of the technology company's stock valued at $11,922,000 after purchasing an additional 729 shares in the last quarter. Tema Etfs LLC lifted its position in Fair Isaac by 117.5% during the first quarter. Tema Etfs LLC now owns 1,133 shares of the technology company's stock valued at $2,089,000 after purchasing an additional 612 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its position in shares of Fair Isaac by 56.8% in the first quarter. Landscape Capital Management L.L.C. now owns 1,038 shares of the technology company's stock valued at $1,914,000 after acquiring an additional 376 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 1,000 shares of the company'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 transaction, the chief financial officer owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,021 shares of company stock worth $22,247,892. Insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FICO. Raymond James Financial lowered 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 report on Thursday, July 31st. BMO Capital Markets boosted their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research report on Monday, August 18th. Oppenheimer decreased their target price 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. Barclays decreased 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. Finally, Needham & Company LLC decreased their target price 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. One 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $2,134.57.

Fair Isaac Price Performance

Shares of NYSE:FICO traded down $15.09 during trading on Tuesday, hitting $1,506.55. The company had a trading volume of 334,456 shares, compared to its average volume of 273,293. The stock has a market cap of $36.16 billion, a price-to-earnings ratio of 58.92, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The company has a fifty day simple moving average of $1,534.57 and a two-hundred day simple moving average of $1,742.40.

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 (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the company earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Fair Isaac 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.