Ieq Capital LLC Purchases 378 Shares of Fair Isaac Corporation $FICO

Key Points

• Ieq Capital LLC increased its stake in Fair Isaac Corporation (FICO) by 14.4% in Q1, bringing its total holdings to nearly $5.53 million.
• Several institutional investors made significant changes to their positions, including GAMMA Investing LLC, which boosted its stake by 286,768.9%, accumulating over 258,182 shares worth approximately $476.1 million.
• Fair Isaac's CEO sold 6,010 shares valued at over $10.6 million, marking a 12.48% decrease in his ownership, while the company also approved a $1 billion share buyback program.

Ieq Capital LLC grew its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 14.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,998 shares of the technology company's stock after purchasing an additional 378 shares during the period. Ieq Capital LLC's holdings in Fair Isaac were worth $5,529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWA Asset Management Group LLC boosted its holdings in Fair Isaac by 15.1% in the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after acquiring an additional 19 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Fair Isaac by 4.5% in the 1st 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 last quarter. Brighton Jones LLC raised its position in shares of Fair Isaac by 168.7% in the 4th 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 last quarter. GAMMA Investing LLC boosted its stake in Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after purchasing an additional 50 shares in the last quarter. Finally, Tidal Investments LLC grew its position in Fair Isaac by 692.2% during the 4th quarter. Tidal Investments LLC now owns 14,133 shares of the technology company's stock valued at $28,138,000 after purchasing an additional 12,349 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FICO shares. Needham & Company LLC decreased their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday, August 18th. Oppenheimer lowered their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Barclays reduced their target price on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. One investment 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,134.57.

Insiders Place Their Bets

In other news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the transaction, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,031 shares of company stock worth $31,273,950. 3.46% of the stock is owned by insiders.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $10.17 during midday trading on Wednesday, hitting $1,515.05. 188,248 shares of the company's stock traded hands, compared to its average volume of 272,734. The stock has a market capitalization of $36.37 billion, a price-to-earnings ratio of 59.31, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. The firm has a fifty day moving average of $1,526.24 and a 200 day moving average of $1,740.76. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same period in the prior year, the company earned $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. On average, equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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