Strategic Investment Solutions Inc. IL Invests $318,000 in Fair Isaac Corporation $FICO

Strategic Investment Solutions Inc. IL acquired a new position in Fair Isaac Corporation (NYSE:FICO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 174 shares of the technology company’s stock, valued at approximately $318,000.

A number of other institutional investors have also recently made changes to their positions in FICO. Congress Asset Management Co. raised its position in shares of Fair Isaac by 261.2% in the 2nd quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company’s stock valued at $89,164,000 after purchasing an additional 35,272 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Fair Isaac by 33.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,124 shares of the technology company’s stock valued at $20,334,000 after purchasing an additional 2,783 shares during the last quarter. Norden Group LLC purchased a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $627,000. Fifth Third Bancorp raised its position in shares of Fair Isaac by 5.4% in the 2nd quarter. Fifth Third Bancorp now owns 413 shares of the technology company’s stock valued at $755,000 after purchasing an additional 21 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $351,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.5%

Shares of FICO stock opened at $1,550.56 on Friday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The business has a 50-day simple moving average of $1,466.42 and a 200-day simple moving average of $1,710.23. The stock has a market cap of $37.21 billion, a PE ratio of 60.64, a price-to-earnings-growth ratio of 3.01 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the prior year, the firm posted $6.25 EPS. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 18,032 shares of company stock valued at $28,153,015. Corporate insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FICO. Needham & Company LLC decreased their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. BMO Capital Markets boosted their price target on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. Wells Fargo & Company dropped their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 9th. UBS Group boosted their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,101.71.

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.