Estuary Capital Management LP Takes $20.08 Million Position in Fair Isaac Corporation $FICO

Key Points

• Estuary Capital Management LP has acquired a new position in Fair Isaac Corporation, purchasing 10,890 shares worth approximately $20.08 million, which constitutes about 4.9% of its investment portfolio.
• Fair Isaac reported earnings per share (EPS) of $8.57 for the last quarter, exceeding estimates by $0.82 and showing a 19.8% increase in quarterly revenue compared to the previous year.
• The company has initiated a $1 billion share buyback program, indicating the board's belief that its stock is undervalued, while major investors have significantly increased their stakes in Fair Isaac.

Estuary Capital Management LP acquired a new position in Fair Isaac Corporation (NYSE:FICO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,890 shares of the technology company's stock, valued at approximately $20,083,000. Fair Isaac comprises approximately 4.9% of Estuary Capital Management LP's investment portfolio, making the stock its 10th largest holding.

Several other hedge funds also recently made changes to their positions in the business. CWA Asset Management Group LLC boosted its holdings in shares of Fair Isaac by 15.1% in the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after buying an additional 19 shares during the period. QRG Capital Management Inc. increased its stake in Fair Isaac by 4.5% in the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after buying an additional 17 shares during the period. Brighton Jones LLC increased its stake in Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after buying an additional 302 shares during the period. GAMMA Investing LLC lifted its position in Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after buying an additional 50 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Fair Isaac by 692.2% during the 4th quarter. Tidal Investments LLC now owns 14,133 shares of the technology company's stock valued at $28,138,000 after buying an additional 12,349 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FICO shares. Oppenheimer decreased their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. BMO Capital Markets lifted their target price on shares of 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. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research note on Monday, August 18th. Wells Fargo & Company reduced their target price 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. Finally, Barclays reduced their target price on shares of 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $2,098.14.

Fair Isaac Stock Up 0.5%

Shares of NYSE:FICO traded up $8.12 during trading on Monday, reaching $1,540.11. The stock had a trading volume of 299,929 shares, compared to its average volume of 273,838. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The firm has a market capitalization of $36.96 billion, a price-to-earnings ratio of 60.23, a P/E/G ratio of 2.98 and a beta of 1.35. The stock has a fifty day simple moving average of $1,506.98 and a two-hundred day simple moving average of $1,735.51.

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 net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same quarter last year, the firm posted $6.25 earnings per share. The company's quarterly 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. On average, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has initiated a stock buyback program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 18,031 shares of company stock worth $29,535,700 over the last 90 days. Insiders own 3.46% of the company's stock.

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.