Fair Isaac Corporation $FICO is Spyglass Capital Management LLC's 6th Largest Position

Key Points

• Spyglass Capital Management increased its FICO stake by 33% in the second quarter to 74,948 shares valued at approximately $89.5 million, making Fair Isaac its sixth-largest holding and 4.8% of its portfolio.
• Institutional investors own approximately 85.75% of FICO’s shares. Analysts maintain a “Moderate Buy” consensus, with 11 Buy ratings and five Holds, and an average price target of $1,553.69.
• Fair Isaac’s latest quarterly results exceeded expectations, with EPS of $12.18 versus the $11.76 estimate and revenue up 25.7% year over year to $674.19 million, although revenue fell slightly short of consensus.

Spyglass Capital Management LLC increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 33.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,948 shares of the technology company's stock after purchasing an additional 18,598 shares during the quarter. Fair Isaac accounts for 4.8% of Spyglass Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. Spyglass Capital Management LLC owned approximately 0.35% of Fair Isaac worth $89,546,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. XXEC Inc. acquired a new stake in Fair Isaac in the 2nd quarter valued at about $33,189,000. Northwestern Mutual Wealth Management Co. increased its holdings in Fair Isaac by 480,776.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,327,664 shares of the technology company's stock valued at $5,625,815,000 after acquiring an additional 3,326,972 shares in the last quarter. BlackRock Inc. acquired a new position in Fair Isaac during the second quarter worth about $2,491,517,000. Primecap Management Co. CA purchased a new stake in shares of Fair Isaac in the second quarter valued at about $433,508,000. Finally, Capital Research Global Investors acquired a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $516,615,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on FICO shares. UBS Group cut their price objective on Fair Isaac from $1,200.00 to $1,130.00 and set a "neutral" rating for the company in a research report on Wednesday, August 12th. Jefferies Financial Group set a $1,675.00 price target on Fair Isaac in a research report on Monday, August 3rd. Barclays cut their price target on Fair Isaac from $1,950.00 to $1,700.00 and set an "overweight" rating for the company in a report on Monday, August 10th. Needham & Company LLC restated a "buy" rating and issued a $1,650.00 price objective on shares of Fair Isaac in a research report on Thursday, July 30th. Finally, Bank of America decreased their price objective on Fair Isaac from $1,550.00 to $1,400.00 and set a "buy" rating on the stock in a research note on Tuesday, May 19th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $1,553.69.

Insider Buying and Selling at Fair Isaac

In related news, Director Eva Manolis sold 967 shares of Fair Isaac stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total value of $1,353,800.00. Following the transaction, the director owned 498 shares in the company, valued at approximately $697,200. This trade represents a 66.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.02% of the company's stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,146.26 on Tuesday. The firm's 50-day simple moving average is $1,175.58 and its 200-day simple moving average is $1,172.54. Fair Isaac Corporation has a 1-year low of $870.01 and a 1-year high of $1,998.01. The firm has a market cap of $24.76 billion, a P/E ratio of 33.11, a PEG ratio of 1.04 and a beta of 1.30.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $12.18 earnings per share for the quarter, topping analysts' consensus estimates of $11.76 by $0.42. The company had revenue of $674.19 million for the quarter, compared to the consensus estimate of $679.17 million. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. Fair Isaac's revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the firm posted $8.57 earnings per share. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. Analysts expect that Fair Isaac Corporation will post 37.37 earnings per share for the current fiscal year.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO's product portfolio centers on analytics and decisioning technologies.

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