DAVENPORT & Co LLC Buys 8 Shares of Fair Isaac Corporation $FICO

DAVENPORT & Co LLC boosted its stake in Fair Isaac Corporation (NYSE:FICO) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 786 shares of the technology company’s stock after acquiring an additional 8 shares during the period. DAVENPORT & Co LLC’s holdings in Fair Isaac were worth $1,437,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FICO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 worth $584,193,000 after acquiring an additional 72,518 shares during the period. Nuveen LLC bought a new stake in shares of Fair Isaac in the first quarter valued at approximately $114,864,000. Vanguard Group Inc. raised its position in shares of 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 period. Congress Asset Management Co. raised its position in shares of 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 period. Finally, Junto Capital Management LP bought a new stake in shares of Fair Isaac in the first quarter valued at approximately $56,804,000. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on FICO shares. Barclays boosted their price target on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Zacks Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research report on Monday, August 18th. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, UBS Group upped their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Three 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $2,130.29.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares of the company’s stock, valued at $64,787,175. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.46% of the stock is owned by insiders.

Fair Isaac Trading Up 0.8%

Fair Isaac stock opened at $1,708.88 on Friday. The firm’s 50 day simple moving average is $1,498.94 and its 200 day simple moving average is $1,700.81. The firm has a market capitalization of $41.02 billion, a PE ratio of 66.83, a price-to-earnings-growth ratio of 1.86 and a beta of 1.35. 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 EPS for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has approved a share buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors 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.