Fair Isaac Corporation $FICO Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its position in Fair Isaac Corporation (NYSE:FICO) by 5.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 148 shares of the technology company’s stock after selling 8 shares during the period. Blue Trust Inc.’s holdings in Fair Isaac were worth $271,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FICO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Fair Isaac by 29.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after purchasing an additional 72,518 shares during the last quarter. Nuveen LLC acquired a new stake in Fair Isaac in the first quarter valued at $114,864,000. Vanguard Group Inc. grew its holdings in Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the last quarter. Congress Asset Management Co. grew its holdings in Fair Isaac by 261.2% in the second quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company’s stock valued at $89,164,000 after purchasing an additional 35,272 shares during the last quarter. Finally, Junto Capital Management LP acquired a new stake in Fair Isaac in the first quarter valued at $56,804,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of several research reports. Griffin Securities set a $1,800.00 target price on Fair Isaac in a report on Monday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Fair Isaac in a report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,950.00 price objective on shares of Fair Isaac in a research note on Thursday, October 2nd. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday. Finally, BMO Capital Markets increased their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,137.43.

Fair Isaac Trading Down 0.2%

NYSE FICO opened at $1,647.35 on Wednesday. The business’s 50-day moving average price is $1,516.53 and its 200 day moving average price is $1,694.93. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The company has a market capitalization of $39.54 billion, a PE ratio of 64.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same period in the prior year, the business posted $6.25 earnings per share. The firm’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. Equities analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has approved a share 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 repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.46% 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.