Taylor Hoffman Capital Management LLC Acquires 13 Shares of Fair Isaac Corporation $FICO

Taylor Hoffman Capital Management LLC increased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,223 shares of the technology company’s stock after acquiring an additional 13 shares during the period. Fair Isaac comprises about 3.3% of Taylor Hoffman Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Taylor Hoffman Capital Management LLC’s holdings in Fair Isaac were worth $9,547,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Geo Capital Gestora de Recursos Ltd acquired a new stake in shares of Fair Isaac during the 1st quarter valued at about $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Fair Isaac during the 1st quarter valued at about $30,000. Meeder Asset Management Inc. boosted its position in shares of Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after acquiring an additional 5 shares in the last quarter. Mechanics Financial Corp acquired a new stake in shares of Fair Isaac during the 1st quarter valued at about $46,000. Finally, Hollencrest Capital Management boosted its position in shares of Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company’s stock valued at $48,000 after acquiring an additional 23 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 18,032 shares of company stock valued at $28,153,015 in the last quarter. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FICO shares. Robert W. Baird upgraded shares of Fair Isaac from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Raymond James Financial reduced their price target 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. Wells Fargo & Company reduced their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 9th. UBS Group boosted their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research report on Monday. Finally, BMO Capital Markets boosted their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,101.71.

Fair Isaac Trading Down 0.2%

Shares of FICO stock opened at $1,552.71 on Wednesday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The firm’s 50 day moving average is $1,468.49 and its 200-day moving average is $1,723.71. The firm has a market capitalization of $37.27 billion, a price-to-earnings ratio of 60.72, a PEG ratio of 3.03 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share 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 analyst estimates of $520.40 million. During the same period in the prior year, the business posted $6.25 earnings per share. Fair Isaac’s 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. On average, equities research analysts forecast 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 authorized a stock buyback plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Fair Isaac 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.