Voya Investment Management LLC Acquires 2,908 Shares of Fair Isaac Corporation $FICO

Key Points

• Voya Investment Management LLC increased its stake in Fair Isaac Corporation by 8.7% in the first quarter, acquiring an additional 2,908 shares, bringing their total ownership to approximately $66.76 million.
• Fair Isaac Corporation reported $8.57 earnings per share for the last quarter, exceeding analysts' estimates of $7.75, with a 19.8% year-over-year revenue increase.
• The company has initiated a $1 billion share repurchase plan, indicating a belief among its board that the shares are currently undervalued.

Voya Investment Management LLC boosted its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,199 shares of the technology company's stock after purchasing an additional 2,908 shares during the period. Voya Investment Management LLC owned about 0.15% of Fair Isaac worth $66,757,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC lifted its stake in Fair Isaac by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after purchasing an additional 19 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Fair Isaac by 4.5% during the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after buying an additional 17 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after buying an additional 302 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Fair Isaac by 55.6% during the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after buying an additional 50 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Fair Isaac by 692.2% during the fourth quarter. Tidal Investments LLC now owns 14,133 shares of the technology company's stock worth $28,138,000 after buying an additional 12,349 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Insider Transactions at Fair Isaac

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

Analyst Ratings Changes

Several analysts have recently weighed in on FICO shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Barclays dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Wells Fargo & Company dropped their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Needham & Company LLC dropped their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Finally, BMO Capital Markets raised their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $2,101.71.

Fair Isaac Trading Down 2.2%

Shares of Fair Isaac stock traded down $34.62 during midday trading on Thursday, reaching $1,517.22. The company had a trading volume of 117,534 shares, compared to its average volume of 272,664. The company has a market capitalization of $36.41 billion, a price-to-earnings ratio of 59.35, a price-to-earnings-growth ratio of 3.03 and a beta of 1.35. The stock has a fifty day simple moving average of $1,467.67 and a 200 day simple moving average of $1,722.54. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results 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 net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same quarter last year, the business posted $6.25 earnings per share. Fair Isaac'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. Sell-side analysts expect 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 share repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board 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.