Carderock Capital Management Inc. Has $8.56 Million Holdings in Fair Isaac Corporation $FICO

Key Points

• Carderock Capital Management Inc. reduced its shares in Fair Isaac Corporation by 11.6%, now holding $8.56 million worth of stock, making it the firm's 16th largest position.
• Fair Isaac reported an earnings per share (EPS) of $8.57 for the last quarter, exceeding analysts' expectations by $0.82 and marking a 19.8% increase in revenue year-over-year.
• Several large investors, including Vanguard and Principal Financial Group, have increased their stakes in Fair Isaac, reflecting strong institutional interest with 85.75% of the company's stock owned by institutional investors.

Carderock Capital Management Inc. lessened its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,641 shares of the technology company's stock after selling 611 shares during the period. Fair Isaac makes up approximately 2.3% of Carderock Capital Management Inc.'s investment portfolio, making the stock its 16th largest position. Carderock Capital Management Inc.'s holdings in Fair Isaac were worth $8,559,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Fair Isaac by 0.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock worth $1,518,803,000 after buying an additional 3,677 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Fair Isaac by 7.3% during the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after buying an additional 26,811 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Fair Isaac by 4.7% in the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock valued at $712,985,000 after acquiring an additional 17,498 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 valued at $584,193,000 after acquiring an additional 72,518 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Down 0.9%

FICO stock opened at $1,532.83 on Thursday. The firm has a 50-day moving average price of $1,489.19 and a 200-day moving average price of $1,731.73. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The stock has a market capitalization of $36.79 billion, a P/E ratio of 59.95, a price-to-earnings-growth ratio of 3.01 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released 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. The business had revenue of $536.42 million during 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 firm's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several analysts have weighed in on FICO shares. 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 research note on Thursday, July 31st. Wells Fargo & Company reduced their target price on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. UBS Group boosted their price target on Fair Isaac from $1,540.00 to $1,590.00 and gave the company a "neutral" rating in a research note on Monday. Needham & Company LLC reduced their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Finally, Oppenheimer dropped their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average price target of $2,098.14.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $1,501.84, for a total value of $9,026,058.40. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $63,284,533.92. This represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 12,021 shares of company stock worth $18,911,102 in the last three months. 3.46% of the stock is currently owned by corporate insiders.

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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