Fair Isaac Corporation $FICO Shares Acquired by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC increased its holdings in Fair Isaac Corporation by 5.3%, acquiring an additional 427 shares, bringing their total to 8,550 shares valued at approximately $15.77 million.
• CEO William J. Lansing sold 3,811 shares for nearly $5.97 million, indicating a 7.92% decrease in his ownership, while the company has seen insider sales totaling over $22 million in the last quarter.
• Fair Isaac announced a $1 billion stock buyback plan, suggesting that the board believes the stock is undervalued, and has set FY 2025 EPS guidance at $29.15.

Driehaus Capital Management LLC raised its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,550 shares of the technology company's stock after acquiring an additional 427 shares during the quarter. Driehaus Capital Management LLC's holdings in Fair Isaac were worth $15,768,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in FICO. Geo Capital Gestora de Recursos Ltd purchased a new stake in shares of Fair Isaac in the 1st quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac in the 1st quarter worth $30,000. Meeder Asset Management Inc. lifted its holdings in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after buying an additional 5 shares during the period. Mechanics Financial Corp purchased a new stake in shares of Fair Isaac in the 1st quarter worth $46,000. Finally, Colonial Trust Co SC lifted its holdings in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after buying an additional 10 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

Fair Isaac stock traded up $14.46 during midday trading on Wednesday, reaching $1,519.34. The company's stock had a trading volume of 206,378 shares, compared to its average volume of 272,865. The stock's 50-day simple moving average is $1,526.24 and its 200-day simple moving average is $1,740.76. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The stock has a market capitalization of $36.47 billion, a P/E ratio of 59.42, a PEG ratio of 2.96 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same period last year, the business posted $6.25 earnings per share. The firm's 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. As a group, equities research analysts expect 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 plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

FICO has been the subject of several research reports. Oppenheimer lowered their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Raymond James Financial decreased their price objective on 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. Barclays decreased their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price objective for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Finally, Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $2,134.57.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $63,284,533.92. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,031 shares of company stock valued at $31,273,950. 3.46% of the stock is currently owned by company insiders.

About Fair Isaac

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.