OFI Invest Asset Management Buys 20 Shares of Fair Isaac Corporation $FICO

OFI Invest Asset Management grew its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 57.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55 shares of the technology company’s stock after acquiring an additional 20 shares during the period. OFI Invest Asset Management’s holdings in Fair Isaac were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC grew its position in shares of Fair Isaac by 3.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,732 shares of the technology company’s stock valued at $6,824,000 after acquiring an additional 121 shares during the period. Tranquility Partners LLC grew its position in shares of Fair Isaac by 51.7% during the 2nd quarter. Tranquility Partners LLC now owns 396 shares of the technology company’s stock valued at $724,000 after acquiring an additional 135 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Fair Isaac by 2.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 305 shares of the technology company’s stock valued at $558,000 after acquiring an additional 8 shares during the period. Apollon Wealth Management LLC grew its position in shares of Fair Isaac by 192.4% during the 2nd quarter. Apollon Wealth Management LLC now owns 696 shares of the technology company’s stock valued at $1,272,000 after acquiring an additional 458 shares during the period. Finally, Cross Staff Investments Inc grew its position in shares of Fair Isaac by 54.1% during the 2nd quarter. Cross Staff Investments Inc now owns 570 shares of the technology company’s stock valued at $1,042,000 after acquiring an additional 200 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 2.4%

FICO opened at $1,668.26 on Monday. The firm has a 50-day simple moving average of $1,504.63 and a two-hundred day simple moving average of $1,696.55. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The company 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.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the prior year, the firm earned $6.25 EPS. The business’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. As a group, sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FICO. Wells Fargo & Company set a $2,300.00 price objective on shares of Fair Isaac in a research report on Wednesday, October 1st. Zacks Research upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research note on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $2,130.29.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 42,138 shares of the company’s stock, valued at $64,787,175. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.46% of the stock is owned by company insiders.

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.