Cross Staff Investments Inc Raises Holdings in Fair Isaac Corporation $FICO

Key Points

• Cross Staff Investments Inc boosted its holdings in Fair Isaac Corporation by 54.1%, amounting to 570 shares valued at approximately $1.04 million.
• Fair Isaac's recent earnings report showed an EPS of $8.57, exceeding analysts' expectations of $7.75, while revenue grew 19.8% year-over-year.
• The company has announced a $1 billion share buyback plan, indicating management's belief that the stock is currently undervalued.

Cross Staff Investments Inc increased its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 54.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 570 shares of the technology company's stock after buying an additional 200 shares during the quarter. Cross Staff Investments Inc's holdings in Fair Isaac were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position 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 valued at $5,463,202,000 after purchasing an additional 58,740 shares during the period. Price T Rowe Associates Inc. MD raised its position in Fair Isaac by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock valued at $1,518,803,000 after purchasing an additional 3,677 shares during the period. Principal Financial Group Inc. raised its position in Fair Isaac by 7.3% in the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after purchasing an additional 26,811 shares during the period. American Century Companies Inc. raised its position in 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 purchasing an additional 17,498 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 valued at $584,193,000 after purchasing an additional 72,518 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Down 2.4%

Shares of FICO opened at $1,668.26 on Friday. The firm has a market cap of $40.04 billion, a price-to-earnings ratio of 65.24, a PEG ratio of 1.87 and a beta of 1.35. The stock has a 50 day moving average of $1,504.63 and a 200-day moving average of $1,699.05. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51.

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

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

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of Fair Isaac 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 transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FICO. Raymond James Financial cut their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. BMO Capital Markets lifted their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. UBS Group lifted their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Finally, Seaport Res Ptn raised Fair Isaac to a "strong-buy" rating in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $2,130.29.

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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