Vanguard Personalized Indexing Management LLC Has $6.82 Million Position in Fair Isaac Corporation $FICO

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,732 shares of the technology company’s stock after purchasing an additional 121 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Fair Isaac were worth $6,824,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Fair Isaac by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock worth $5,463,202,000 after purchasing an additional 58,740 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Fair Isaac by 0.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock worth $1,518,803,000 after purchasing an additional 3,677 shares during the period. Principal Financial Group Inc. raised its position in shares of Fair Isaac by 7.3% during the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock worth $722,585,000 after purchasing an additional 26,811 shares during the period. American Century Companies Inc. raised its position in shares of Fair Isaac by 4.7% during the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock worth $712,985,000 after purchasing an additional 17,498 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Fair Isaac by 29.7% during 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 worth $584,193,000 after purchasing an additional 72,518 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Down 2.4%

FICO stock opened at $1,668.26 on Monday. The business has a 50 day moving average price of $1,504.63 and a two-hundred day moving average price of $1,696.55. The company has a market cap of $40.04 billion, a price-to-earnings ratio of 65.24, a P/E/G ratio of 1.83 and a beta of 1.35. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company earned $6.25 earnings per share. 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 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 6,011 shares of Fair Isaac 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 transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FICO. Weiss Ratings reissued a “hold (c)” rating on shares of Fair Isaac in a research report on Wednesday, October 8th. Oppenheimer dropped their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Zacks Research raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, BMO Capital Markets lifted their target price on 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. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $2,130.29.

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.