Fair Isaac Corporation $FICO Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 22.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,091 shares of the technology company’s stock after purchasing an additional 6,389 shares during the quarter. Fair Isaac makes up 0.7% of Intech Investment Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Intech Investment Management LLC’s holdings in Fair Isaac were worth $64,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Focus Partners Wealth increased its holdings in Fair Isaac by 2.5% during the 1st quarter. Focus Partners Wealth now owns 43,149 shares of the technology company’s stock worth $79,574,000 after purchasing an additional 1,048 shares during the period. Bayforest Capital Ltd increased its holdings in Fair Isaac by 417.1% during the 1st quarter. Bayforest Capital Ltd now owns 393 shares of the technology company’s stock worth $725,000 after purchasing an additional 317 shares during the period. Alaethes Wealth LLC increased its holdings in Fair Isaac by 2.5% during the 1st quarter. Alaethes Wealth LLC now owns 1,397 shares of the technology company’s stock worth $2,576,000 after purchasing an additional 34 shares during the period. SCS Capital Management LLC purchased a new stake in Fair Isaac during the 1st quarter worth about $312,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Fair Isaac by 29.7% during the 1st 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 purchasing an additional 72,518 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $63,284,533.92. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 12,021 shares of company stock worth $18,911,102. Company insiders own 3.46% of the company’s stock.

Fair Isaac Stock Up 0.5%

NYSE:FICO opened at $1,546.01 on Wednesday. The stock’s 50 day moving average price is $1,495.33 and its 200 day moving average price is $1,733.11. The company has a market capitalization of $37.10 billion, a PE ratio of 60.46, a P/E/G ratio of 3.00 and a beta of 1.35. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (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 the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a share 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 purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FICO. BMO Capital Markets upped their price target on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Robert W. Baird raised Fair Isaac from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Finally, Wells Fargo & Company cut their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $2,098.14.

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.