Curi RMB Capital LLC Buys 3,559 Shares of Fair Isaac Corporation $FICO

Key Points

• Curi RMB Capital LLC increased its stake in Fair Isaac Corporation by 23.7%, owning 18,555 shares valued at approximately $34.22 million, constituting 0.8% of its total holdings.
• Wall Street analysts have shown positive sentiment towards Fair Isaac, with a current consensus rating of "Moderate Buy" and an average target price of $2,134.57.
• Fair Isaac recently reported strong quarterly earnings, with an EPS of $8.57 exceeding expectations and a revenue increase of 19.8% compared to the previous year.

Curi RMB Capital LLC grew its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 23.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,555 shares of the technology company's stock after acquiring an additional 3,559 shares during the period. Fair Isaac comprises about 0.8% of Curi RMB Capital LLC's investment portfolio, making the stock its 25th biggest holding. Curi RMB Capital LLC owned approximately 0.08% of Fair Isaac worth $34,218,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FICO. GAMMA Investing LLC grew its stake in Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after purchasing an additional 258,092 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Fair Isaac by 663.1% during the fourth quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock valued at $215,715,000 after buying an additional 94,150 shares during the last quarter. Nuveen LLC bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $114,864,000. Vanguard Group Inc. raised its holdings in Fair Isaac by 2.0% during 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 in the last quarter. Finally, Twinbeech Capital LP bought a new stake in Fair Isaac during the fourth quarter worth approximately $66,718,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Griffin Securities set a $1,800.00 price target on Fair Isaac in a report on Monday, August 18th. Raymond James Financial lowered their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company reduced their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,098.14.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total value of $9,026,058.40. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $63,284,533.92. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 18,031 shares of company stock valued at $29,535,700 over the last three months. Company insiders own 3.46% of the company's stock.

Fair Isaac Trading Up 0.5%

NYSE FICO traded up $8.12 on Monday, reaching $1,540.11. The company's stock had a trading volume of 299,929 shares, compared to its average volume of 273,838. The firm has a market cap of $36.96 billion, a PE ratio of 60.23, a price-to-earnings-growth ratio of 2.98 and a beta of 1.35. The business has a 50-day moving average price of $1,506.98 and a 200 day moving average price of $1,735.51. 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 posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. The business 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 firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Analysts anticipate 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 authorized a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

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.