Jump Financial LLC Sells 557 Shares of Fair Isaac Corporation $FICO

Key Points

• Jump Financial LLC reduced its stake in Fair Isaac Corporation by 25.9%, now holding 1,593 shares valued at approximately $2.94 million.
• CEO William J. Lansing sold 3,811 shares of Fair Isaac stock for nearly $6 million, representing a 7.92% decrease in his position.
• Fair Isaac has reported a 19.8% year-over-year revenue increase, with quarterly earnings surpassing analyst expectations at $8.57 EPS against a consensus estimate of $7.75.

Jump Financial LLC decreased its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,593 shares of the technology company's stock after selling 557 shares during the quarter. Jump Financial LLC's holdings in Fair Isaac were worth $2,938,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after acquiring an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Fair Isaac by 0.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock valued at $1,518,803,000 after buying an additional 3,677 shares during the period. Principal Financial Group Inc. grew its position in Fair Isaac by 7.3% during the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after buying an additional 26,811 shares during the period. American Century Companies Inc. grew its position in Fair Isaac by 4.7% during the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock valued at $712,985,000 after buying an additional 17,498 shares during the period. Finally, GAMMA Investing LLC grew its position in Fair Isaac by 286,768.9% during the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after buying an additional 258,092 shares during the period. Institutional investors own 85.75% of the company's stock.

Insider Buying and Selling

In related news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the sale, the chief executive officer directly owned 44,338 shares in the company, valued at $69,432,864.62. This represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,021 shares of company stock worth $22,247,892 over the last ninety days. 3.46% of the stock is currently owned by insiders.

Fair Isaac Trading Up 1.1%

Shares of Fair Isaac stock traded up $16.69 on Friday, reaching $1,523.06. The stock had a trading volume of 650,867 shares, compared to its average volume of 356,199. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The company has a market cap of $36.56 billion, a P/E ratio of 59.56, a price-to-earnings-growth ratio of 2.96 and a beta of 1.28. The business's 50 day moving average is $1,541.73 and its two-hundred day moving average is $1,744.71.

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 (EPS) for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The firm 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%. The company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm posted $6.25 earnings per share. 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 approved a share repurchase plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FICO. Barclays reduced their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price target for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. 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. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research report on Monday, August 18th. Finally, BMO Capital Markets increased their target price on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $2,134.57.

About Fair Isaac

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.