4,847 Shares in Fair Isaac Corporation $FICO Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired a new position in Fair Isaac Corporation, purchasing 4,847 shares valued at approximately $8.94 million.
• Fair Isaac reported a quarterly adjusted earnings per share (EPS) of $8.57, exceeding analysts' expectations of $7.75, alongside a 19.8% year-over-year revenue growth.
• The company announced a $1 billion share repurchase program, indicating that management believes the stock may be undervalued.

Caxton Associates LLP bought a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 4,847 shares of the technology company's stock, valued at approximately $8,939,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fred Alger Management LLC lifted its stake in shares of Fair Isaac by 265.3% in the 1st quarter. Fred Alger Management LLC now owns 16,560 shares of the technology company's stock valued at $30,539,000 after purchasing an additional 12,027 shares during the period. Ashton Thomas Private Wealth LLC increased its position in Fair Isaac by 4.0% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 419 shares of the technology company's stock valued at $773,000 after buying an additional 16 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in Fair Isaac by 8.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,311 shares of the technology company's stock worth $9,794,000 after purchasing an additional 401 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Fair Isaac by 1.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 3,020 shares of the technology company's stock worth $5,569,000 after purchasing an additional 46 shares in the last quarter. Finally, Nippon Life Global Investors Americas Inc. increased its holdings in Fair Isaac by 59.5% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 8,040 shares of the technology company's stock worth $14,827,000 after purchasing an additional 3,000 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Down 3.3%

Shares of Fair Isaac stock traded down $52.50 during trading on Friday, hitting $1,544.06. The stock had a trading volume of 224,403 shares, compared to its average volume of 312,430. The firm has a market cap of $37.06 billion, a price-to-earnings ratio of 60.39, a P/E/G ratio of 3.11 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. The business's 50-day moving average is $1,477.76 and its 200 day moving average is $1,728.92.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping the consensus estimate of $7.75 by $0.82. The firm 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FICO. Barclays reduced their target price on 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. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a research note on Monday, August 18th. Needham & Company LLC dropped their price objective on 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. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Finally, BMO Capital Markets upped their price objective on 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. One research 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,098.14.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 18,032 shares of company stock valued at $28,153,015 over the last ninety days. 3.46% of the stock is 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.