Fair Isaac Corporation $FICO Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. raised its holdings in Fair Isaac Corporation (NYSE:FICO) by 4.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,577 shares of the technology company’s stock after acquiring an additional 254 shares during the period. Shell Asset Management Co.’s holdings in Fair Isaac were worth $12,022,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FICO. Brighton Jones LLC raised its holdings 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 during the period. Merit Financial Group LLC increased its position in Fair Isaac by 128.0% during the 1st quarter. Merit Financial Group LLC now owns 399 shares of the technology company’s stock worth $736,000 after purchasing an additional 224 shares in the last quarter. RFG Advisory LLC acquired a new position in Fair Isaac during the first quarter valued at approximately $218,000. Sivia Capital Partners LLC purchased a new stake in Fair Isaac during the first quarter worth approximately $239,000. Finally, Wedmont Private Capital increased its position in shares of Fair Isaac by 9.9% in the first quarter. Wedmont Private Capital now owns 323 shares of the technology company’s stock worth $610,000 after acquiring an additional 29 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FICO. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Barclays upped their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. BMO Capital Markets raised their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,950.00 price target on shares of Fair Isaac in a report on Thursday. Finally, Wells Fargo & Company set a $2,300.00 target price on Fair Isaac in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,130.29.

Fair Isaac Trading Down 0.0%

FICO stock opened at $1,849.87 on Tuesday. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The firm has a 50-day moving average of $1,482.81 and a two-hundred day moving average of $1,700.97. The firm has a market capitalization of $44.40 billion, a PE ratio of 72.35, a P/E/G ratio of 2.14 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping the consensus estimate of $7.75 by $0.82. The firm 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 company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has authorized a share buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

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 owned by company insiders.

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.