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

by · The Cerbat Gem

Taylor Hoffman Capital Management LLC grew its position in Fair Isaac Corporation (NYSE:FICO – Free Report) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,223 shares of the technology company’s stock after purchasing an additional 13 shares during the period. Fair Isaac comprises about 3.3% of Taylor Hoffman Capital Management LLC’s portfolio, making the stock its 4th largest position. Taylor Hoffman Capital Management LLC’s holdings in Fair Isaac were worth $9,547,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Fair Isaac by 2.0% in 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 increased 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 acquiring an additional 3,677 shares in the last quarter. Principal Financial Group Inc. increased 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 acquiring an additional 26,811 shares in the last quarter. American Century Companies Inc. increased 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 acquiring an additional 17,498 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 acquiring an additional 72,518 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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 shares were sold at an average price of $1,537.50, for a total value 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 trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 18,032 shares of company stock valued at $28,153,015. Company insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James Financial lowered their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. UBS Group increased their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research report on Monday. Needham & Company LLC lowered their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Baird R W raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company decreased their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,101.71.

Get Our Latest Stock Analysis on Fair Isaac

Fair Isaac Trading Down 0.2%

Fair Isaac stock opened at $1,552.71 on Wednesday. The company has a fifty day simple moving average of $1,468.49 and a 200 day simple moving average of $1,723.71. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The company has a market cap of $37.27 billion, a P/E ratio of 60.72, a price-to-earnings-growth ratio of 3.03 and a beta of 1.35.

Fair Isaac (NYSE:FICO – Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the firm posted $6.25 EPS. The company’s quarterly 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. On average, equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Fair Isaac Profile

(Free Report)

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.

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