Junto Capital Management LP Takes $56.80 Million Position in Fair Isaac Corporation $FICO

Key Points

• Junto Capital Management LP has invested approximately $56.80 million in Fair Isaac Corporation by acquiring 30,802 shares, making it 1.2% of their total holdings.
• Fair Isaac's recent quarterly earnings report showed an EPS of $8.57, exceeding expectations, and a revenue increase of 19.8% year-over-year.
• The company has initiated a $1 billion stock buyback plan, indicating confidence in its stock's value and potential upside.

Junto Capital Management LP purchased a new position in Fair Isaac Corporation (NYSE:FICO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,802 shares of the technology company's stock, valued at approximately $56,804,000. Fair Isaac accounts for approximately 1.2% of Junto Capital Management LP's portfolio, making the stock its 23rd largest position. Junto Capital Management LP owned approximately 0.13% of Fair Isaac at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac in the first quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new stake in Fair Isaac during the first quarter valued at about $30,000. Meeder Asset Management Inc. raised its position in Fair Isaac by 41.7% during the first 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 in the last quarter. Mechanics Financial Corp purchased a new stake in Fair Isaac during the first quarter valued at about $46,000. Finally, Colonial Trust Co SC raised its position in Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 10 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Raymond James Financial lowered their target price on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. BMO Capital Markets boosted their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Robert W. Baird upgraded 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 report on Wednesday, May 28th. Griffin Securities set a $1,800.00 price target on Fair Isaac in a report on Monday, August 18th. Finally, Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,134.57.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $14.46 during midday trading on Wednesday, hitting $1,519.34. 331,210 shares of the stock traded hands, compared to its average volume of 273,660. The firm has a 50-day moving average of $1,526.24 and a two-hundred day moving average of $1,740.76. The firm has a market capitalization of $36.47 billion, a P/E ratio of 59.42, a PEG ratio of 2.96 and a beta of 1.35. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company's revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities analysts forecast 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 authorized a share buyback plan on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $1,501.84, for a total value of $9,026,058.40. Following the completion of the sale, the chief executive officer owned 42,138 shares in the company, valued at approximately $63,284,533.92. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,031 shares of company stock valued at $31,273,950 in the last quarter. 3.46% of the stock is currently owned by company insiders.

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.