Allstate Corp Purchases 130 Shares of Fair Isaac Corporation $FICO

Allstate Corp boosted its position in Fair Isaac Corporation (NYSE:FICO) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 854 shares of the technology company’s stock after purchasing an additional 130 shares during the period. Allstate Corp’s holdings in Fair Isaac were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geo Capital Gestora de Recursos Ltd bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $30,000. Meeder Asset Management Inc. raised its stake in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after acquiring an additional 5 shares in the last quarter. Colonial Trust Co SC raised its stake in shares of Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company’s stock valued at $48,000 after acquiring an additional 10 shares in the last quarter. Finally, Mechanics Financial Corp bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $46,000. Institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of several research analyst reports. Baird R W raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 28th. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Oppenheimer cut 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 report on Thursday, July 31st. Finally, Robert W. Baird raised shares of Fair Isaac from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,134.57.

Fair Isaac Stock Up 3.7%

Shares of FICO stock opened at $1,412.5830 on Friday. The firm has a market cap of $33.90 billion, a price-to-earnings ratio of 55.24, a PEG ratio of 2.76 and a beta of 1.28. The company’s 50 day moving average is $1,574.19 and its 200 day moving average is $1,757.66. 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 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 business had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period in the previous year, the company earned $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 EPS for the current fiscal year.

Fair Isaac declared that its board has initiated a stock buyback program on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the transaction, the chief financial officer directly owned 1,862 shares of the company’s stock, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,021 shares of company stock worth $22,247,892 over the last ninety days. 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.