AlTi Global Inc. Makes New Investment in Fair Isaac Corporation $FICO

AlTi Global Inc. purchased a new position in Fair Isaac Corporation (NYSE:FICO) during the 2nd quarter, Holdings Channel reports. The fund purchased 260 shares of the technology company’s stock, valued at approximately $474,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position 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 acquiring 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 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock valued at $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 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock valued at $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 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock valued at $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 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after purchasing an additional 72,518 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction 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 completion of the transaction, the chief executive officer directly 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 filing with the SEC, which is available at this link. Over the last three months, insiders have sold 18,032 shares of company stock valued at $28,094,085. Company insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FICO. Barclays raised their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. UBS Group raised their price objective 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, September 15th. Raymond James Financial decreased their price objective 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. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,137.43.

Fair Isaac Stock Performance

FICO opened at $1,664.53 on Friday. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The stock has a market capitalization of $39.96 billion, a price-to-earnings ratio of 65.10, a PEG ratio of 1.68 and a beta of 1.35. The company has a fifty day moving average of $1,561.44 and a 200 day moving average of $1,686.38.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping 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 business had revenue of $536.42 million during the quarter, compared to analysts’ expectations of $520.40 million. During the same period last year, the company posted $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. On average, equities research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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.