Knightsbridge Asset Management LLC Decreases Stake in Fair Isaac Corporation $FICO

Key Points

• Knightsbridge Asset Management LLC reduced its stake in Fair Isaac Corporation by 8.3%, selling 391 shares during the 1st quarter and retaining 4,304 shares valued at approximately $7.94 million.
• Analyst ratings for Fair Isaac have been mixed, with price target revisions by firms like Barclays and Wells Fargo, decreasing targets but maintaining "overweight" ratings, indicating a consensus rating of "Moderate Buy".
• Insider sales included CEO William J. Lansing selling 6,010 shares for over $9 million, representing a 12.48% decrease in his position, while overall 3.46% of the stock is owned by insiders.

Knightsbridge Asset Management LLC trimmed its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 8.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,304 shares of the technology company's stock after selling 391 shares during the quarter. Fair Isaac accounts for about 2.0% of Knightsbridge Asset Management LLC's portfolio, making the stock its 16th largest position. Knightsbridge Asset Management LLC's holdings in Fair Isaac were worth $7,937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after purchasing an additional 58,740 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Fair Isaac by 0.4% in 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 acquiring an additional 3,677 shares during the last quarter. Principal Financial Group Inc. increased its position in Fair Isaac by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after purchasing an additional 26,811 shares during the period. American Century Companies Inc. increased its position in Fair Isaac by 4.7% during the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock valued at $712,985,000 after purchasing an additional 17,498 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after purchasing an additional 258,092 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

Shares of NYSE FICO traded down $13.73 during mid-day trading on Wednesday, reaching $1,532.83. 435,953 shares of the company's stock traded hands, compared to its average volume of 322,754. The business has a 50-day simple moving average of $1,495.33 and a 200 day simple moving average of $1,733.11. The stock has a market cap of $36.79 billion, a P/E ratio of 67.77, a PEG ratio of 3.01 and a beta of 1.35. 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 posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping 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 company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the prior year, the business posted $6.25 EPS. The firm'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. Equities research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its board has approved a share repurchase plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the firm's 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 value of $9,026,058.40. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $63,284,533.92. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 12,021 shares of company stock valued at $18,911,102 over the last three months. Corporate insiders own 3.46% of the company's stock.

Wall Street Analyst Weigh In

FICO has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Fair Isaac from $1,540.00 to $1,590.00 and gave the stock a "neutral" rating in a research note on Monday. Wells Fargo & Company lowered their price objective on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research note on Monday, August 18th. Finally, Barclays dropped their price target on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given 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.

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.