Fair Isaac (NYSE:FICO) CEO William J. Lansing Sells 6,010 Shares

Key Points

• William Lansing, CEO of Fair Isaac Corporation, sold 6,010 shares of the company's stock for approximately $9 million, resulting in a 12.48% decrease in his holdings.
• Fair Isaac reported a quarterly EPS of $8.57, exceeding estimates, with revenue increasing by 19.8% year-over-year.
• The company has initiated a stock repurchase plan authorizing up to $1 billion to buy back shares, signaling management's belief that the stock is undervalued.

Fair Isaac Corporation (NYSE:FICO - Get Free Report) CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $63,284,533.92. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fair Isaac Trading Up 1.0%

FICO stock traded up $15.68 during mid-day trading on Friday, hitting $1,534.60. 194,726 shares of the company were exchanged, compared to its average volume of 325,239. The company has a market capitalization of $36.84 billion, a PE ratio of 60.02, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The firm has a fifty day simple moving average of $1,506.98 and a 200 day simple moving average of $1,735.56.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $6.25 EPS. The company's quarterly 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. As a group, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Institutional Trading of Fair Isaac

A number of hedge funds and other institutional investors have recently made changes to their positions in FICO. Brighton Jones LLC raised its position in shares of Fair Isaac by 168.7% during the 4th 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. Freestone Grove Partners LP bought a new stake in shares of Fair Isaac during the 4th quarter worth about $243,000. BNP Paribas Financial Markets raised its position in shares of Fair Isaac by 19.5% during the 4th quarter. BNP Paribas Financial Markets now owns 45,900 shares of the technology company's stock worth $91,384,000 after buying an additional 7,494 shares in the last quarter. Caxton Associates LP raised its position in shares of Fair Isaac by 81.1% during the 4th quarter. Caxton Associates LP now owns 1,521 shares of the technology company's stock worth $3,028,000 after buying an additional 681 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in shares of Fair Isaac during the 4th quarter worth about $11,892,000. 85.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FICO shares. Wells Fargo & Company decreased their price target 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. BMO Capital Markets lifted their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a report on Monday, August 18th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a report on Monday, August 18th. Finally, Oppenheimer cut their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $2,134.57.

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.