AG2R LA Mondiale Gestion D Actifs Invests $1.69 Million in Fair Isaac Corporation $FICO

AG2R LA Mondiale Gestion D Actifs purchased a new position in Fair Isaac Corporation (NYSE:FICO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 979 shares of the technology company’s stock, valued at approximately $1,690,000.

A number of other large investors have also recently made changes to their positions in FICO. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac in the first quarter worth $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac in the first quarter worth $30,000. Meeder Asset Management Inc. boosted its holdings in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after acquiring an additional 5 shares during the period. Mechanics Financial Corp purchased a new stake in shares of Fair Isaac in the first quarter worth $46,000. Finally, Hollencrest Capital Management raised its position in shares of Fair Isaac by 766.7% in the first quarter. Hollencrest Capital Management now owns 26 shares of the technology company’s stock worth $48,000 after buying an additional 23 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FICO. Raymond James Financial lowered their price objective on 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. BMO Capital Markets increased their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a research report on Monday, August 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a research report on Monday, August 18th. Finally, Wells Fargo & Company lowered their price objective on 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. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,098.14.

Fair Isaac Stock Down 3.3%

NYSE FICO opened at $1,544.06 on Friday. The stock’s 50-day simple moving average is $1,477.76 and its two-hundred day simple moving average is $1,727.96. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The company has a market capitalization of $37.06 billion, a price-to-earnings ratio of 60.39, a PEG ratio of 3.11 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released 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. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the business posted $6.25 earnings per share. The company’s revenue for the quarter 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 analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has approved a stock buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction dated Tuesday, September 9th. The stock was 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 owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 18,032 shares of company stock valued at $28,153,015 in the last quarter. 3.46% of the stock is currently owned by 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.