Fair Isaac Corporation $FICO Shares Acquired by PDS Planning Inc

PDS Planning Inc raised its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 9.9% in the second quarter, Holdings Channel.com reports. The fund owned 133 shares of the technology company’s stock after purchasing an additional 12 shares during the period. PDS Planning Inc’s holdings in Fair Isaac were worth $243,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock valued at $5,463,202,000 after purchasing an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Fair Isaac by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock valued at $1,518,803,000 after purchasing an additional 3,677 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Fair Isaac by 7.3% in the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock valued at $722,585,000 after purchasing an additional 26,811 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Fair Isaac by 4.7% in the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock valued at $712,985,000 after purchasing an additional 17,498 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Fair Isaac by 29.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after purchasing an additional 72,518 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were 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 represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Down 2.4%

NYSE FICO opened at $1,668.26 on Monday. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The stock has a market capitalization of $40.04 billion, a PE ratio of 65.24, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35. The firm has a 50 day moving average of $1,504.63 and a two-hundred day moving average of $1,696.55.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results 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 net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million during the quarter, compared to analysts’ expectations of $520.40 million. During the same quarter in the previous year, the business posted $6.25 EPS. The firm’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 declared that its Board of Directors has initiated a stock repurchase plan 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 plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FICO. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday, August 18th. Oppenheimer dropped their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. BMO Capital Markets lifted their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Wells Fargo & Company set a $2,300.00 price objective on shares of Fair Isaac in a report on Wednesday, October 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Fair Isaac has a consensus rating of “Buy” and a consensus price target of $2,130.29.

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.