Bayforest Capital Ltd Boosts Stake in Fair Isaac Corporation $FICO

Key Points

• Bayforest Capital Ltd significantly increased its position in Fair Isaac Corporation by 417.1% in the first quarter, raising its holdings to 393 shares valued at approximately $725,000.
• Fair Isaac reported an increase in quarterly revenue by 19.8% year-over-year, reaching $536.42 million and exceeding analysts' expectations for both earnings and revenue.
• The company has approved a $1 billion share repurchase program, indicating management's belief that its stock is undervalued, alongside a high institutional ownership of 85.75%.

Bayforest Capital Ltd grew its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 417.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 393 shares of the technology company's stock after buying an additional 317 shares during the quarter. Bayforest Capital Ltd's holdings in Fair Isaac were worth $725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Alaethes Wealth LLC lifted its position in shares of Fair Isaac by 2.5% during the 1st quarter. Alaethes Wealth LLC now owns 1,397 shares of the technology company's stock worth $2,576,000 after buying an additional 34 shares in the last quarter. SCS Capital Management LLC purchased a new stake in shares of Fair Isaac during the 1st quarter worth approximately $312,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 worth $584,193,000 after purchasing an additional 72,518 shares during the last quarter. Woodline Partners LP increased its stake in shares of Fair Isaac by 46.1% during the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company's stock worth $3,943,000 after purchasing an additional 675 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Fair Isaac by 8.6% during the 1st quarter. Empowered Funds LLC now owns 5,375 shares of the technology company's stock worth $9,912,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Down 3.3%

Shares of FICO stock traded down $52.50 during trading hours on Friday, reaching $1,544.06. The stock had a trading volume of 224,403 shares, compared to its average volume of 274,320. The stock's fifty day simple moving average is $1,483.99 and its 200 day simple moving average is $1,730.80. The firm has a market capitalization of $37.06 billion, a PE ratio of 60.39, a PEG ratio of 2.98 and a beta of 1.35. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51.

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 (EPS) for the quarter, topping the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its board has approved a share repurchase plan on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on FICO. UBS Group raised their price target on shares of Fair Isaac from $1,540.00 to $1,590.00 and gave the stock a "neutral" rating in a research note on Monday. Barclays decreased 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 research note on Wednesday, July 9th. BMO Capital Markets raised their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research note on Monday, August 18th. Needham & Company LLC decreased their price target on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Finally, Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,098.14.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 18,032 shares of company stock worth $28,153,015. 3.46% of the stock is owned by insiders.

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.