Eisler Capital Management Ltd. Purchases New Stake in Fair Isaac Corporation $FICO

Key Points

• Eisler Capital Management Ltd. has acquired a new stake in Fair Isaac Corporation (NYSE:FICO), purchasing 6,125 shares valued at approximately $11.2 million.
• In the first quarter, institutional investors have made significant changes to their positions in Fair Isaac, with GAMMA Investing LLC increasing its stake by over 286,000% to now hold approximately $476 million worth of shares.
• Fair Isaac Corporation reported strong quarterly earnings, with $8.57 earnings per share surpassing analyst expectations, and has established a $1 billion stock buyback plan to repurchase shares, reflecting management's confidence in the stock's value.

Eisler Capital Management Ltd. purchased a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,125 shares of the technology company's stock, valued at approximately $11,209,000.

Several other institutional investors and hedge funds have also made changes to their positions in FICO. GAMMA Investing LLC raised its position in shares of Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after acquiring an additional 258,092 shares in the last quarter. Millennium Management LLC grew its stake in Fair Isaac by 663.1% during the 4th quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock worth $215,715,000 after buying an additional 94,150 shares during the last quarter. Nuveen LLC bought a new position in Fair Isaac during the 1st quarter worth $114,864,000. Vanguard Group Inc. grew its stake in Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after buying an additional 58,740 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Fair Isaac by 20.1% during the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock worth $506,096,000 after buying an additional 42,588 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the firm's 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 transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. This represents a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,021 shares of company stock valued at $22,247,892 in the last ninety days. Company insiders own 3.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on FICO shares. Raymond James Financial lowered 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. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a research note on Monday, August 18th. Needham & Company LLC lowered their price objective on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company lowered their price objective on 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 investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $2,134.57.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,423.59 on Wednesday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The stock has a market cap of $34.17 billion, a price-to-earnings ratio of 55.67, a PEG ratio of 2.77 and a beta of 1.28. The business has a fifty day moving average of $1,559.37 and a 200-day moving average of $1,751.44.

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 (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $6.25 earnings per share. The company's revenue for the quarter 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. On average, equities research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has authorized a stock buyback plan on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

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.

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