Weiss Ratings Reaffirms Hold (C) Rating for Fair Isaac (NYSE:FICO)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Fair Isaac (NYSE:FICO), highlighting the stock's current valuation status amidst other analysts' varying ratings.
• Fair Isaac's stock recently opened at $1,695.00 but has experienced a 9.8% decline, with a market cap of approximately $40.68 billion.
• The company reported strong earnings with an EPS of $8.57 for the last quarter, exceeding expectations, and has a stock repurchase program approved for up to $1 billion in shares.

Fair Isaac (NYSE:FICO - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

FICO has been the topic of a number of other research reports. Seaport Res Ptn raised shares of Fair Isaac to a "strong-buy" rating in a report on Wednesday, October 1st. 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. Needham & Company LLC reissued a "buy" rating and issued a $1,950.00 price target on shares of Fair Isaac in a report on Thursday, October 2nd. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, BMO Capital Markets raised their price target 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average price target of $2,130.29.

Fair Isaac Stock Down 9.8%

Shares of NYSE:FICO opened at $1,695.00 on Wednesday. The stock has a market cap of $40.68 billion, a PE ratio of 66.29, a PEG ratio of 2.04 and a beta of 1.35. The company's fifty day moving average is $1,493.45 and its 200 day moving average is $1,702.13. Fair Isaac has a 52 week low of $1,300.00 and a 52 week high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The company had revenue of $536.42 million for 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%. The firm's revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts anticipate that Fair Isaac will post 24.15 EPS for the current year.

Fair Isaac announced that its board has approved a stock repurchase program on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds have recently bought and sold shares of FICO. Westside Investment Management Inc. bought a new stake in Fair Isaac during the second quarter worth about $26,000. ORG Partners LLC purchased a new position in Fair Isaac in the second quarter worth about $27,000. Hilltop National Bank purchased a new position in Fair Isaac in the second quarter worth about $27,000. Geo Capital Gestora de Recursos Ltd purchased a new position in Fair Isaac in the first quarter worth about $28,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Fair Isaac in the first quarter worth about $30,000. Institutional investors own 85.75% 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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