Kensico Capital Management Corp Buys 4,200 Shares of Fair Isaac Corporation $FICO

Key Points

• Kensico Capital Management Corp increased its stake in Fair Isaac Corporation by 1.8%, now holding approximately 10.0% of its investment portfolio in FICO, making it the firm's third largest position.
• Insider transactions revealed a significant sale as CEO William J. Lansing sold over 6,000 shares, decreasing his ownership by 12.48%, while the cumulative insider sales in recent months totaled approximately $31 million.
• Fair Isaac's latest quarterly earnings showed a strong performance, with $8.57 earnings per share, exceeding analyst expectations and representing a 19.8% increase in revenue year-over-year.

Kensico Capital Management Corp grew its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 1.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 239,680 shares of the technology company's stock after purchasing an additional 4,200 shares during the period. Fair Isaac makes up approximately 10.0% of Kensico Capital Management Corp's holdings, making the stock its 3rd largest position. Kensico Capital Management Corp owned approximately 0.98% of Fair Isaac worth $442,008,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac in the 1st quarter worth $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac during the first quarter valued at approximately $30,000. Meeder Asset Management Inc. boosted its stake in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after purchasing an additional 5 shares in the last quarter. Colonial Trust Co SC boosted its stake in Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 10 shares in the last quarter. Finally, Mechanics Financial Corp purchased a new position in shares of Fair Isaac in the first quarter worth $46,000. Institutional investors own 85.75% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on FICO shares. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. BMO Capital Markets upped their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company dropped 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 report on Wednesday, July 9th. One 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 stock. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average target price of $2,098.14.

Insiders Place Their Bets

In other news, 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 value of $9,026,058.40. Following the completion of the transaction, the chief executive officer owned 42,138 shares in the company, valued at $63,284,533.92. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 12,021 shares of company stock worth $18,911,102. Insiders own 3.46% of the company's stock.

Fair Isaac Stock Up 0.5%

FICO stock traded up $7.81 during midday trading on Tuesday, hitting $1,546.01. 218,273 shares of the company traded hands, compared to its average volume of 273,513. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The business has a 50 day simple moving average of $1,501.26 and a 200-day simple moving average of $1,734.41. The stock has a market capitalization of $37.11 billion, a price-to-earnings ratio of 60.46, a price-to-earnings-growth ratio of 2.98 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly 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. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the previous year, the company earned $6.25 earnings per share. The business'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. Equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has approved a share buyback plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership 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.