Katamaran Capital LLP Acquires Shares of 2,530 Fair Isaac Corporation $FICO

Key Points

• Katamaran Capital LLP has acquired a new stake in Fair Isaac Corporation, purchasing 2,530 shares valued at approximately $4.62 million, which represents 4.3% of Katamaran's portfolio.
• Fair Isaac's quarterly earnings beat estimates, reporting $8.57 earnings per share against a consensus of $7.75, with revenue of $536.42 million, up 19.8% year-over-year.
• The company is initiating a stock repurchase plan allowing for the buyback of $1 billion in outstanding shares, indicating management's belief that the stock is undervalued.

Katamaran Capital LLP acquired a new stake in Fair Isaac Corporation (NYSE:FICO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,530 shares of the technology company's stock, valued at approximately $4,625,000. Fair Isaac comprises about 4.3% of Katamaran Capital LLP's portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FICO. ORG Partners LLC bought a new position in shares of Fair Isaac during the second quarter worth $27,000. Hilltop National Bank bought a new position in shares of Fair Isaac during the second quarter worth $27,000. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac during the first quarter worth $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac during the first quarter worth $30,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Trading Up 0.8%

FICO opened at $1,708.88 on Friday. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The firm's fifty day simple moving average is $1,498.94 and its 200 day simple moving average is $1,700.81. The stock has a market capitalization of $41.02 billion, a P/E ratio of 66.83, a P/E/G ratio of 1.86 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period in the previous year, the business earned $6.25 EPS. The company's revenue 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. On average, equities research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.46% of the company's stock.

Analyst Ratings Changes

FICO has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Fair Isaac in a research report on Wednesday. UBS Group lifted their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Raymond James Financial reduced their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. BMO Capital Markets lifted their price target 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $2,130.29.

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.

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