Aspen Investment Management Inc Cuts Position in Fair Isaac Corporation $FICO

Aspen Investment Management Inc lessened its holdings in Fair Isaac Corporation (NYSE:FICO) by 8.0% during the first quarter, Holdings Channel.com reports. The firm owned 1,307 shares of the technology company’s stock after selling 113 shares during the quarter. Fair Isaac comprises about 1.1% of Aspen Investment Management Inc’s portfolio, making the stock its 22nd largest holding. Aspen Investment Management Inc’s holdings in Fair Isaac were worth $2,410,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Fair Isaac by 2.0% during 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 buying an additional 58,740 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Fair Isaac by 0.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock valued at $1,518,803,000 after purchasing an additional 3,677 shares during the period. Principal Financial Group Inc. lifted its position in Fair Isaac by 7.3% during the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock valued at $722,585,000 after purchasing an additional 26,811 shares during the period. American Century Companies Inc. lifted its position in Fair Isaac by 4.7% during the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock valued at $712,985,000 after purchasing an additional 17,498 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Fair Isaac by 29.7% during 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 period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,546.01 on Wednesday. The company has a market capitalization of $37.10 billion, a price-to-earnings ratio of 60.46, a PEG ratio of 3.00 and a beta of 1.35. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The company’s fifty day moving average price is $1,495.33 and its 200-day moving average price is $1,733.11.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a share repurchase plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on FICO. Raymond James Financial lowered their price objective 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. Oppenheimer lowered 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. BMO Capital Markets increased 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 research report on Monday, August 18th. 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 on the stock in a research report on Wednesday, July 9th. Finally, Robert W. Baird upgraded shares of Fair Isaac from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,098.14.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total value of $9,026,058.40. Following the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $63,284,533.92. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 12,021 shares of company stock valued at $18,911,102. Insiders own 3.46% of the company’s stock.

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.