T. Rowe Price Investment Management Inc. Reduces Position in Fair Isaac Corporation $FICO

T. Rowe Price Investment Management Inc. cut its position in Fair Isaac Corporation (NYSE:FICO) by 14.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 272,027 shares of the technology company’s stock after selling 47,181 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Fair Isaac were worth $501,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Nebula Research & Development LLC purchased a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $2,540,000. CWA Asset Management Group LLC increased its position in shares of Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company’s stock valued at $267,000 after purchasing an additional 19 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Fair Isaac by 4.5% in the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company’s stock valued at $728,000 after purchasing an additional 17 shares during the last quarter. Brighton Jones LLC increased its position in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after purchasing an additional 302 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company’s stock valued at $258,000 after purchasing an additional 50 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 3,811 shares of the firm’s stock in a transaction on 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 owned 44,338 shares in the company, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 1,862 shares of the company’s stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,021 shares of company stock valued at $22,247,892 in the last 90 days. Company insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FICO shares. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research report on Monday. Wells Fargo & Company dropped their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 9th. BMO Capital Markets increased their target price on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research report on Monday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Finally, Raymond James Financial dropped their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,134.57.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,384.6420 on Wednesday. The stock has a market cap of $33.23 billion, a P/E ratio of 54.15, a P/E/G ratio of 2.63 and a beta of 1.28. The firm has a fifty day moving average price of $1,598.95 and a 200 day moving average price of $1,767.01. 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) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million during 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%. Fair Isaac’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.25 EPS. 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 EPS for the current fiscal year.

Fair Isaac announced that its board has approved a stock buyback program on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are often a sign 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.