Park Place Capital Corp Invests $65,000 in Fair Isaac Corporation $FICO

Park Place Capital Corp acquired a new position in Fair Isaac Corporation (NYSE:FICO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35 shares of the technology company’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWA Asset Management Group LLC increased its stake in shares of Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company’s stock worth $267,000 after purchasing an additional 19 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Fair Isaac by 4.5% in the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company’s stock worth $728,000 after purchasing an additional 17 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company’s stock worth $258,000 after purchasing an additional 50 shares in the last quarter. Finally, Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac in the 1st quarter worth $28,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FICO shares. Oppenheimer cut their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company cut their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Wednesday, July 9th. UBS Group increased their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Raymond James Financial cut their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $2,101.71.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value 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. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 18,032 shares of company stock valued at $28,153,015 in the last ninety days. Company insiders own 3.46% of the company’s stock.

Fair Isaac Stock Down 1.7%

Shares of Fair Isaac stock opened at $1,499.95 on Wednesday. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of 58.66, a PEG ratio of 2.97 and a beta of 1.35. The business has a 50-day moving average price of $1,465.10 and a 200-day moving average price of $1,704.75. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business’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 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

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.