AQR Capital Management LLC Acquires 2,577 Shares of Fair Isaac Corporation $FICO

Key Points

• AQR Capital Management LLC increased its stake in Fair Isaac Corporation by 3.1%, acquiring an additional 2,577 shares to own a total of 86,235 shares worth approximately $155.57 million.
• Insider selling was noted with CEO William J. Lansing selling 6,010 shares and CFO Steven P. Weber selling 1,000 shares, indicating a decrease in their ownership.
• Wall Street analysts have varying price targets for Fair Isaac, with an average target of $2,134.57 and a consensus rating of "Moderate Buy."

AQR Capital Management LLC boosted its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,235 shares of the technology company's stock after purchasing an additional 2,577 shares during the period. AQR Capital Management LLC owned about 0.35% of Fair Isaac worth $155,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after buying an additional 302 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Fair Isaac by 30.0% during the fourth quarter. Captrust Financial Advisors now owns 780 shares of the technology company's stock worth $1,553,000 after buying an additional 180 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth approximately $2,509,000. BOKF NA increased its holdings in shares of Fair Isaac by 9.2% during the fourth quarter. BOKF NA now owns 2,752 shares of the technology company's stock worth $5,277,000 after buying an additional 233 shares in the last quarter. Finally, Centiva Capital LP increased its holdings in shares of Fair Isaac by 597.4% during the fourth quarter. Centiva Capital LP now owns 1,088 shares of the technology company's stock worth $2,166,000 after buying an additional 932 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FICO. Raymond James Financial dropped 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 report on Thursday, July 31st. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday, August 18th. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Barclays lowered their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, BMO Capital Markets raised their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $2,134.57.

Insiders Place Their Bets

In other news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction on 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 transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, June 10th. The stock was 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 directly owned 42,138 shares in the company, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,031 shares of company stock worth $31,273,950. Insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

FICO opened at $1,519.34 on Thursday. The company has a fifty day moving average price of $1,518.67 and a two-hundred day moving average price of $1,739.24. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The firm has a market capitalization of $36.46 billion, a PE ratio of 59.42, a P/E/G ratio of 2.96 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results 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 firm had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the previous year, the business earned $6.25 EPS. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has authorized a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Fair Isaac 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.

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