Fair Isaac Corporation $FICO Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its position in Fair Isaac Corporation (NYSE:FICO) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 2,445 shares of the technology company’s stock after purchasing an additional 59 shares during the quarter. Inspire Investing LLC’s holdings in Fair Isaac were worth $4,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Geo Capital Gestora de Recursos Ltd acquired a new stake in shares of Fair Isaac in the 1st quarter worth about $28,000. ORG Partners LLC acquired a new stake in shares of Fair Isaac in the 2nd quarter worth about $27,000. Hilltop National Bank acquired a new stake in shares of Fair Isaac in the 2nd quarter worth about $27,000. N.E.W. Advisory Services LLC acquired a new position in Fair Isaac during the 1st quarter valued at about $30,000. Finally, Meeder Asset Management Inc. increased its stake in Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after buying an additional 5 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO opened at $1,668.26 on Friday. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The company has a 50-day moving average of $1,504.63 and a two-hundred day moving average of $1,699.05. The stock has a market cap of $40.04 billion, a price-to-earnings ratio of 65.24, a PEG ratio of 1.87 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping 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 company had revenue of $536.42 million during the quarter, compared to analysts’ expectations of $520.40 million. During the same period last year, the company posted $6.25 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has approved a stock repurchase program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

FICO has been the topic of several research analyst reports. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research note on Monday, August 18th. Wells Fargo & Company set a $2,300.00 target price on shares of Fair Isaac in a research note on Wednesday, October 1st. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. UBS Group raised their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Finally, Barclays raised their target price on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Fair Isaac has an average rating of “Buy” and an average price target of $2,130.29.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Company 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.