Fair Isaac Corporation $FICO is 11 Capital Partners LP's 10th Largest Position

Key Points

• 11 Capital Partners LP increased its stake in Fair Isaac Corporation (NYSE:FICO) by 84.6%, making it the firm's 10th largest holding valued at approximately $14.3 million.
• Multiple institutional investors have increased their positions in Fair Isaac, with a total of 85.75% of the stock owned by hedge funds and other institutional investors.
• Fair Isaac reported an EPS of $8.57 for the last quarter, exceeding analysts' estimates, and set a share repurchase plan authorizing up to $1 billion in stock buybacks.

11 Capital Partners LP lifted its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 84.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,748 shares of the technology company's stock after purchasing an additional 3,550 shares during the period. Fair Isaac makes up about 4.7% of 11 Capital Partners LP's investment portfolio, making the stock its 10th biggest position. 11 Capital Partners LP's holdings in Fair Isaac were worth $14,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Federation des caisses Desjardins du Quebec lifted its position in shares of Fair Isaac by 14.6% during the first quarter. Federation des caisses Desjardins du Quebec now owns 4,612 shares of the technology company's stock worth $8,505,000 after purchasing an additional 587 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of Fair Isaac by 45.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 248 shares of the technology company's stock worth $457,000 after purchasing an additional 78 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Fair Isaac by 3.1% during the first quarter. Royal Bank of Canada now owns 100,359 shares of the technology company's stock worth $185,077,000 after purchasing an additional 3,064 shares in the last quarter. Graham Capital Management L.P. lifted its position in shares of Fair Isaac by 92.7% during the first quarter. Graham Capital Management L.P. now owns 553 shares of the technology company's stock worth $1,020,000 after purchasing an additional 266 shares in the last quarter. Finally, MAI Capital Management increased its position in Fair Isaac by 11.8% in the first quarter. MAI Capital Management now owns 57 shares of the technology company's stock worth $105,000 after purchasing an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FICO shares. Oppenheimer lowered their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Raymond James Financial lowered their target price 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. Finally, Barclays decreased 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 report 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $2,134.57.

Insider Buying and Selling

In related news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares in the company, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the company'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 transaction of $9,026,058.40. Following the sale, the chief executive officer owned 42,138 shares in the company, valued at $63,284,533.92. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,031 shares of company stock worth $31,273,950 over the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Price Performance

Shares of NYSE FICO traded up $15.68 during midday trading on Friday, reaching $1,534.60. The company's stock had a trading volume of 194,726 shares, compared to its average volume of 325,239. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The firm has a 50 day moving average price of $1,506.98 and a 200-day moving average price of $1,735.44. The stock has a market capitalization of $36.83 billion, a P/E ratio of 60.02, a PEG ratio of 2.98 and a beta of 1.35.

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

Fair Isaac declared that its Board of Directors has approved a stock repurchase 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 usually an indication that the company's management believes its shares are undervalued.

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.