William Lansing Sells 6,011 Shares of Fair Isaac (NYSE:FICO) Stock

Fair Isaac Corporation (NYSE:FICO) CEO William Lansing sold 6,011 shares of Fair Isaac 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 transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,544.06 on Friday. The company’s 50 day simple moving average is $1,477.76 and its 200 day simple moving average is $1,728.92. The stock has a market capitalization of $37.06 billion, a price-to-earnings ratio of 60.39, a price-to-earnings-growth ratio of 3.11 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 announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a share repurchase plan 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 plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FICO. Oppenheimer decreased 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 research note on Thursday, July 31st. UBS Group raised their target price on shares of Fair Isaac from $1,540.00 to $1,590.00 and gave the company a “neutral” rating in a research report on Monday, September 8th. Wells Fargo & Company cut their target price on shares of 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. Raymond James Financial cut their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, Baird R W upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 28th. One 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 data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus price target of $2,098.14.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds have recently modified their holdings of FICO. Brighton Jones LLC lifted its holdings in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Fair Isaac by 30.0% during the fourth quarter. Captrust Financial Advisors now owns 780 shares of the technology company’s stock worth $1,553,000 after purchasing an additional 180 shares during the period. Graham Capital Management L.P. acquired a new position in shares of Fair Isaac during the fourth quarter worth $571,000. Gotham Asset Management LLC lifted its holdings in shares of Fair Isaac by 51.9% during the fourth quarter. Gotham Asset Management LLC now owns 2,729 shares of the technology company’s stock worth $5,433,000 after purchasing an additional 933 shares during the period. Finally, Jefferies Financial Group Inc. lifted its holdings in shares of Fair Isaac by 41.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 348 shares of the technology company’s stock worth $693,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 85.75% 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.