Blair William & Co. IL Has $5.96 Million Stock Position in Fair Isaac Corporation $FICO

Key Points

• Blair William & Co. IL increased its stake in Fair Isaac Corporation (FICO) by 30.4% during the second quarter, bringing their holdings to $5.96 million.
• Fair Isaac reported a 19.8% increase in quarterly revenue year-over-year, achieving $536.42 million and reported earnings per share (EPS) of $8.57, exceeding expectations.
• The company has authorized a share buyback plan worth $1 billion, indicating confidence in the company's valuation amidst significant institutional ownership of approximately 85.75%.

Blair William & Co. IL boosted its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 30.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,261 shares of the technology company's stock after purchasing an additional 760 shares during the period. Blair William & Co. IL's holdings in Fair Isaac were worth $5,961,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FICO. Brighton Jones LLC lifted its position in 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 acquiring an additional 302 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Fair Isaac by 55.6% in the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock valued at $258,000 after buying an additional 50 shares in the last quarter. Simon Quick Advisors LLC raised its position in shares of Fair Isaac by 23.5% in the first quarter. Simon Quick Advisors LLC now owns 147 shares of the technology company's stock valued at $271,000 after buying an additional 28 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Fair Isaac by 207.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,085 shares of the technology company's stock valued at $9,378,000 after acquiring an additional 3,433 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Fair Isaac by 28.1% in the first quarter. Exchange Traded Concepts LLC now owns 1,619 shares of the technology company's stock valued at $2,986,000 after acquiring an additional 355 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,668.26 on Monday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The company has a 50-day simple moving average of $1,504.63 and a two-hundred day simple moving average of $1,696.55. The company has a market capitalization of $40.04 billion, a price-to-earnings ratio of 65.24, a PEG ratio of 1.83 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (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 the consensus estimate of $520.40 million. During the same period in the prior year, the firm posted $6.25 EPS. The firm'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. On average, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FICO. Wells Fargo & Company set a $2,300.00 target price on shares of Fair Isaac in a research note on Wednesday, October 1st. Seaport Res Ptn upgraded shares of Fair Isaac to a "strong-buy" rating in a report on Wednesday, October 1st. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. BMO Capital Markets lifted 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 research note on Monday, August 18th. Finally, Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $2,130.29.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.46% of the stock is currently owned by insiders.

Fair Isaac Company 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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