Fair Isaac Corporation $FICO Position Lowered by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Fair Isaac Corporation by 6.6%, now holding 21,300 shares valued at about $39 million.
• Fair Isaac reported $8.57 EPS for the last quarter, exceeding analysts' estimates and a 19.8% increase in revenue year-over-year.
• The company has initiated a $1 billion share repurchase plan, suggesting that its board believes the stock is undervalued.

Adage Capital Partners GP L.L.C. cut its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,300 shares of the technology company's stock after selling 1,500 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Fair Isaac worth $39,281,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac in the first quarter valued at $28,000. N.E.W. Advisory Services LLC acquired a new position in Fair Isaac during the first quarter worth about $30,000. Meeder Asset Management Inc. raised its stake in Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares during the period. Mechanics Financial Corp acquired a new stake in Fair Isaac during the 1st quarter valued at $46,000. Finally, Colonial Trust Co SC boosted its holdings in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of FICO traded up $8.12 during midday trading on Monday, hitting $1,540.11. 299,885 shares of the company traded hands, compared to its average volume of 273,838. The stock has a 50-day moving average of $1,506.98 and a 200-day moving average of $1,735.51. The firm has a market cap of $36.96 billion, a P/E ratio of 60.23, a PEG ratio of 2.98 and a beta of 1.35. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company had revenue of $536.42 million during 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 firm's revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a stock buyback plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 18,031 shares of company stock valued at $29,535,700. Insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a research report on Monday, August 18th. Needham & Company LLC decreased their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. BMO Capital Markets increased their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research report on Monday, August 18th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Finally, Oppenheimer decreased their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,098.14.

Fair Isaac Company 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.