Interval Partners LP Invests $3.35 Million in Fair Isaac Corporation $FICO

Key Points

• Interval Partners LP acquired 1,817 shares of Fair Isaac Corporation (FICO) in Q1, valued at approximately $3.35 million.
• CEO William J. Lansing sold 6,010 shares of FICO, reducing his stake by 12.48%, while the company aims to buy back $1 billion in outstanding shares.
• Fair Isaac reported a 19.8% year-over-year increase in quarterly revenue, beating estimates with an EPS of $8.57 compared to the expected $7.75.

Interval Partners LP purchased a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,817 shares of the technology company's stock, valued at approximately $3,351,000.

A number of other large investors have also added to or reduced their stakes in FICO. Meeder Asset Management Inc. lifted its position in 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. Baker Avenue Asset Management LP grew its stake in shares of Fair Isaac by 4.6% in the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after purchasing an additional 5 shares during the last quarter. City Holding Co. raised its stake in Fair Isaac by 11.3% during the 1st quarter. City Holding Co. now owns 59 shares of the technology company's stock valued at $109,000 after purchasing an additional 6 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Fair Isaac by 4.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after purchasing an additional 6 shares during the last quarter. Finally, Forum Financial Management LP raised its stake in Fair Isaac by 2.2% during the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock valued at $507,000 after purchasing an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their target price for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Oppenheimer cut their target price on shares of 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. UBS Group upped their target price on shares of Fair Isaac from $1,540.00 to $1,590.00 and gave the company a "neutral" rating in a research report on Monday. Finally, BMO Capital Markets upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $2,098.14.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the completion of the sale, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $63,284,533.92. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 12,021 shares of company stock valued at $18,911,102. Company insiders own 3.46% of the company's stock.

Fair Isaac Trading Up 2.6%

Shares of NYSE:FICO traded up $40.28 during mid-day trading on Thursday, reaching $1,570.64. The stock had a trading volume of 66,350 shares, compared to its average volume of 273,216. The firm has a market cap of $37.70 billion, a PE ratio of 61.43, a price-to-earnings-growth ratio of 3.01 and a beta of 1.35. The firm has a 50 day simple moving average of $1,489.19 and a two-hundred day simple moving average of $1,731.73. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month 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 earnings per share for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. Fair Isaac's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the company posted $6.25 EPS. 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 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has authorized a stock repurchase program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership 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.