AlphaQuest LLC Lowers Stake in Fair Isaac Corporation $FICO

Key Points

• AlphaQuest LLC significantly reduced its holdings in Fair Isaac Corporation by 89.4%, ending the quarter with only 50 shares worth $92,000 after selling 422 shares.
• Several institutional investors initiated new positions in Fair Isaac, with total ownership among them amounting to 85.75% of the company's stock.
• Fair Isaac reported strong quarterly earnings, exceeding analyst estimates, and declared a $1.00 billion stock buyback program, indicating the company's leadership believes its stock is undervalued.

AlphaQuest LLC cut its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 89.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50 shares of the technology company's stock after selling 422 shares during the period. AlphaQuest LLC's holdings in Fair Isaac were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Geo Capital Gestora de Recursos Ltd purchased a new stake in shares of Fair Isaac in the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Fair Isaac in the 1st quarter valued at $30,000. Meeder Asset Management Inc. grew its position in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares during the last quarter. Colonial Trust Co SC grew its position in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares during the last quarter. Finally, Mechanics Financial Corp purchased a new position in shares of Fair Isaac in the 1st quarter valued at $46,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FICO has been the topic of a number of recent analyst reports. Oppenheimer dropped their target price on shares of 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. Wells Fargo & Company lowered their price objective 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. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. 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 on the stock in a research report on Thursday, July 31st. Finally, Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $2,134.57.

Insider Activity

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,862 shares in the company, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,031 shares of company stock valued at $31,273,950 over the last 90 days. 3.46% of the stock is currently owned by insiders.

Fair Isaac Stock Up 1.0%

Shares of NYSE FICO traded up $15.68 during midday trading on Friday, hitting $1,534.60. The company had a trading volume of 194,726 shares, compared to its average volume of 273,684. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The business has a 50-day simple moving average of $1,512.62 and a two-hundred day simple moving average of $1,737.33. The firm has a market capitalization of $36.83 billion, a price-to-earnings ratio of 60.02, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results 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 firm had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same period last year, the firm posted $6.25 EPS. The firm'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 forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has approved a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

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.