Graham Capital Management L.P. Buys 266 Shares of Fair Isaac Corporation $FICO

Key Points

• Graham Capital Management L.P. increased its stake in Fair Isaac Corporation by 92.7%, purchasing an additional 266 shares, bringing its total holdings to 553 shares valued at approximately $1,020,000.
• Equities research analysts have revised their price targets for Fair Isaac, with a consensus target of $2,134.57 and ratings ranging from "Strong Buy" to "Hold."
• In a recent move, Fair Isaac's board authorized a $1 billion stock buyback program, indicating confidence in the company's valuation amidst insider selling activity.

Graham Capital Management L.P. raised its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 92.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 553 shares of the technology company's stock after buying an additional 266 shares during the quarter. Graham Capital Management L.P.'s holdings in Fair Isaac were worth $1,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FICO. Geo Capital Gestora de Recursos Ltd purchased a new stake in shares of Fair Isaac during the first quarter worth $28,000. N.E.W. Advisory Services LLC bought a new stake in Fair Isaac in the 1st quarter valued at $30,000. Meeder Asset Management Inc. boosted its stake in shares of Fair Isaac by 41.7% in the 1st 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 during the last quarter. Mechanics Financial Corp bought a new stake in shares of Fair Isaac in the first quarter worth $46,000. Finally, Colonial Trust Co SC grew its stake in shares of 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. Institutional investors own 85.75% of the company's stock.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 18,031 shares of company stock valued at $29,535,700. 3.46% of the stock is owned by company insiders.

Fair Isaac Price Performance

Shares of FICO stock traded up $4.30 during midday trading on Monday, hitting $1,536.29. The company had a trading volume of 217,274 shares, compared to its average volume of 273,326. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The stock has a market cap of $36.87 billion, a price-to-earnings ratio of 59.86, a PEG ratio of 2.98 and a beta of 1.35. The company's 50 day simple moving average is $1,506.98 and its 200 day simple moving average is $1,735.51.

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 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 business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same period in the prior year, the company posted $6.25 EPS. The business's revenue for the quarter 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. Analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a share buyback program on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FICO. UBS Group increased their price objective on Fair Isaac from $1,540.00 to $1,590.00 and gave the company a "neutral" rating in a research note on Monday. Wells Fargo & Company reduced their target price 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 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 note on Monday, August 18th. Finally, Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,098.14.

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.