Fair Isaac Corporation $FICO Shares Purchased by Jag Capital Management LLC

Key Points

• Jag Capital Management LLC increased its stake in Fair Isaac Corporation by 69.7% during the second quarter, now holding 9,022 shares valued at approximately $16.5 million.
• Fair Isaac reported quarterly earnings of $8.57 EPS, exceeding estimates and reflecting a 19.8% year-over-year revenue growth of $536.42 million.
• Insider activity includes CEO William J. Lansing selling 6,011 shares for over $9 million, reducing his ownership by 12.48%.

Jag Capital Management LLC raised its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 69.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,022 shares of the technology company's stock after buying an additional 3,706 shares during the quarter. Fair Isaac comprises about 1.8% of Jag Capital Management LLC's portfolio, making the stock its 19th biggest holding. Jag Capital Management LLC's holdings in Fair Isaac were worth $16,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. raised its position in Fair Isaac by 23.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,230 shares of the technology company's stock valued at $4,076,000 after purchasing an additional 419 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Fair Isaac by 11.7% in the second quarter. Sequoia Financial Advisors LLC now owns 649 shares of the technology company's stock valued at $1,187,000 after buying an additional 68 shares in the last quarter. MGO One Seven LLC acquired a new stake in shares of Fair Isaac in the second quarter valued at $274,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Fair Isaac by 18.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 46,087 shares of the technology company's stock valued at $84,947,000 after buying an additional 7,121 shares during the period. Finally, Index Fund Advisors Inc. acquired a new position in Fair Isaac during the 2nd quarter worth about $1,470,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William J. Lansing sold 6,011 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the sale, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research note on Monday, August 18th. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Raymond James Financial dropped their price target on shares of 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. Finally, Barclays increased their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and a consensus price target of $2,130.29.

Fair Isaac Price Performance

NYSE FICO opened at $1,650.00 on Tuesday. The firm's fifty day moving average price is $1,510.43 and its 200 day moving average price is $1,695.26. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The company has a market capitalization of $39.60 billion, a price-to-earnings ratio of 64.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data 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 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 the consensus estimate of $520.40 million. During the same period last year, the firm posted $6.25 EPS. Fair Isaac's revenue for the quarter was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has initiated a share buyback program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.