Fair Isaac Corporation $FICO Shares Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management increased its stake in Fair Isaac Corporation by 56.8% during the first quarter, now holding shares worth approximately $1.91 million.
• Several institutional investors have also boosted their positions in Fair Isaac, with the combined institutional ownership reaching 85.75%.
• CEO William J. Lansing and CFO Steven P. Weber sold significant portions of their shares, indicating a decrease in insider ownership and raising concerns among investors.

Landscape Capital Management L.L.C. lifted its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 56.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,038 shares of the technology company's stock after purchasing an additional 376 shares during the period. Landscape Capital Management L.L.C.'s holdings in Fair Isaac were worth $1,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FICO. GAMMA Investing LLC boosted its holdings in Fair Isaac by 286,768.9% in the first 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. Millennium Management LLC increased its holdings in shares of Fair Isaac by 663.1% in the 4th quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock worth $215,715,000 after buying an additional 94,150 shares during the last quarter. Nuveen LLC bought a new position in Fair Isaac during the 1st quarter valued at about $114,864,000. Vanguard Group Inc. grew its holdings in Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the last quarter. Finally, Twinbeech Capital LP bought a new position in Fair Isaac during the 4th quarter valued at about $66,718,000. Institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Down 1.8%

FICO traded down $27.36 during midday trading on Tuesday, hitting $1,494.28. 215,454 shares of the company traded hands, compared to its average volume of 272,511. The company has a market capitalization of $35.86 billion, a price-to-earnings ratio of 58.20, a PEG ratio of 2.96 and a beta of 1.35. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The business has a 50 day simple moving average of $1,534.57 and a two-hundred day simple moving average of $1,742.40.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data 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. 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%. The company's revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm posted $6.25 earnings per share. 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 year.

Fair Isaac declared that its Board of Directors has approved a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,862 shares in the company, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,021 shares of company stock worth $22,247,892. Insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets upped 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. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Wells Fargo & Company cut their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Finally, Raymond James Financial cut 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 note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2,134.57.

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.