Bayforest Capital Ltd Sells 290 Shares of Fair Isaac Corporation $FICO

Key Points

• Bayforest Capital Ltd has reduced its stake in Fair Isaac Corporation (NYSE:FICO) by 73.8%, owning only 103 shares after selling 290 shares.
• Several institutional investors have increased their positions in Fair Isaac, with UBS Asset Management increasing their stake by 29.7% and Congress Asset Management Co. growing their stake by 261.2%.
• Fair Isaac reported strong quarterly earnings, with $8.57 EPS, surpassing the consensus estimate, and has initiated a $1 billion stock repurchase program signaling perceived undervaluation of its stock.

Bayforest Capital Ltd trimmed its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 73.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103 shares of the technology company's stock after selling 290 shares during the period. Bayforest Capital Ltd's holdings in Fair Isaac were worth $188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Fair Isaac by 29.7% in 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 purchasing an additional 72,518 shares during the period. Nuveen LLC purchased a new stake in Fair Isaac in the first quarter worth $114,864,000. Vanguard Group Inc. grew its stake 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. Congress Asset Management Co. grew its stake in shares of Fair Isaac by 261.2% in the second quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company's stock worth $89,164,000 after acquiring an additional 35,272 shares during the last quarter. Finally, Junto Capital Management LP purchased a new stake in shares of Fair Isaac in the first quarter worth $56,804,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FICO shares. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Raymond James Financial cut their target price on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Needham & Company LLC reissued a "buy" rating and issued a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday, October 2nd. Barclays increased their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday, October 2nd. Finally, Oppenheimer cut Fair Isaac from an "outperform" rating to a "market perform" rating in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,137.43.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,618.85 on Friday. The company has a market cap of $38.85 billion, a P/E ratio of 63.31, a PEG ratio of 1.76 and a beta of 1.35. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The stock's fifty day moving average price is $1,527.15 and its 200-day moving average price is $1,692.98.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the company posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 18,032 shares of company stock valued at $28,094,085 over the last 90 days. Company insiders own 3.46% of the company's stock.

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.

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