Citizens National Bank Trust Department Takes $97,000 Position in Fair Isaac Corporation $FICO

Citizens National Bank Trust Department purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 53 shares of the technology company’s stock, valued at approximately $97,000.

Several other large investors have also modified their holdings of FICO. ORG Partners LLC bought a new position in Fair Isaac in the second quarter worth about $27,000. Hilltop National Bank bought a new position in Fair Isaac in the second quarter worth about $27,000. Geo Capital Gestora de Recursos Ltd bought a new position in Fair Isaac in the first quarter worth about $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. Finally, Meeder Asset Management Inc. raised its holdings 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 buying an additional 5 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 9.8%

Fair Isaac stock opened at $1,695.00 on Thursday. The company’s fifty day simple moving average is $1,493.45 and its 200-day simple moving average is $1,702.13. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The stock has a market cap of $40.68 billion, a P/E ratio of 66.29, a P/E/G ratio of 2.04 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating 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 analysts’ expectations of $520.40 million. During the same period in the previous year, the company posted $6.25 EPS. Fair Isaac’s revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its board has initiated a stock repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at Fair Isaac

In other 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 transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Oppenheimer decreased their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Raymond James Financial lowered their price objective 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, Wells Fargo & Company set a $2,300.00 price objective on shares of Fair Isaac in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,130.29.

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.