Heartland Bank & Trust Co Trims Stock Position in Fair Isaac Corporation $FICO

Heartland Bank & Trust Co lessened its position in shares of Fair Isaac Corporation (NYSE:FICO) by 4.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 458 shares of the technology company’s stock after selling 23 shares during the quarter. Heartland Bank & Trust Co’s holdings in Fair Isaac were worth $837,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at approximately $27,000. Hilltop National Bank purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at approximately $27,000. Geo Capital Gestora de Recursos Ltd purchased a new stake in shares of Fair Isaac during the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac during the 1st quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. raised its position in shares of 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. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 0.9%

Shares of FICO stock opened at $1,650.00 on Tuesday. The firm has a fifty day moving average price of $1,510.43 and a 200 day moving average price of $1,695.26. The company has a market cap of $39.60 billion, a P/E ratio of 64.53, a PEG ratio of 1.83 and a beta of 1.35. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51.

Fair Isaac (NYSE:FICO) last issued its 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 during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FICO. UBS Group boosted their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Zacks Research raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Wells Fargo & Company set a $2,300.00 target price on Fair Isaac in a research report on Wednesday, October 1st. Finally, Barclays boosted their target price on 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. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,130.29.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.