Fred Alger Management LLC Has $30.54 Million Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Fred Alger Management LLC significantly increased its holdings in Fair Isaac Corporation by 265.3% during the first quarter, owning approximately 0.07% of the company, valued at $30.5 million.
• Fair Isaac reported earnings of $8.57 per share for the last quarter, exceeding expectations, with a revenue increase of 19.8% year-over-year.
• The company has initiated a $1 billion share repurchase program, reflecting management's belief that the stock is currently undervalued.

Fred Alger Management LLC lifted its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 265.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,560 shares of the technology company's stock after purchasing an additional 12,027 shares during the period. Fred Alger Management LLC owned 0.07% of Fair Isaac worth $30,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. CWA Asset Management Group LLC increased its stake in shares of Fair Isaac by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after purchasing an additional 19 shares during the period. QRG Capital Management Inc. increased its stake in shares of Fair Isaac by 4.5% during the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after purchasing an additional 17 shares during the period. Brighton Jones LLC increased its stake in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the period. GAMMA Investing LLC increased its stake in shares of Fair Isaac by 55.6% during the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after purchasing an additional 50 shares during the period. Finally, Tidal Investments LLC increased its stake in Fair Isaac by 692.2% during the 4th quarter. Tidal Investments LLC now owns 14,133 shares of the technology company's stock worth $28,138,000 after acquiring an additional 12,349 shares during the period. Institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FICO shares. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a research note on Monday, August 18th. Wells Fargo & Company lowered their price objective on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Finally, BMO Capital Markets raised their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2,098.14.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 18,032 shares of company stock worth $28,153,015. 3.46% of the stock is currently owned by insiders.

Fair Isaac Price Performance

Shares of NYSE FICO traded down $52.50 during mid-day trading on Friday, hitting $1,544.06. 224,403 shares of the stock traded hands, compared to its average volume of 312,430. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The company has a market cap of $37.06 billion, a PE ratio of 60.39, a price-to-earnings-growth ratio of 3.11 and a beta of 1.35. The firm has a 50 day simple moving average of $1,477.76 and a two-hundred day simple moving average of $1,728.92.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the business 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. On average, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a stock buyback program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

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.