Lecap Asset Management Ltd. Acquires Shares of 489 Fair Isaac Corporation $FICO

Key Points

• Lecap Asset Management Ltd. has acquired 489 shares of Fair Isaac Corporation, valued at approximately $894,000.
• Fair Isaac's stock has seen a significant price increase of 17.8%, currently trading at $1,781.42.
• CEO William J. Lansing sold 6,011 shares for around $9.24 million, resulting in a 12.48% decrease in his ownership stake.

Lecap Asset Management Ltd. acquired a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 489 shares of the technology company's stock, valued at approximately $894,000.

Several other hedge funds also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. grew its holdings in Fair Isaac by 2.4% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 1,082 shares of the technology company's stock worth $1,978,000 after acquiring an additional 25 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Fair Isaac during the second quarter worth about $638,000. Truist Financial Corp grew its stake in shares of Fair Isaac by 15.4% in the second quarter. Truist Financial Corp now owns 3,194 shares of the technology company's stock worth $5,838,000 after purchasing an additional 427 shares during the last quarter. Chicago Capital LLC increased its holdings in Fair Isaac by 3.3% during the 2nd quarter. Chicago Capital LLC now owns 30,666 shares of the technology company's stock valued at $56,056,000 after purchasing an additional 986 shares during the period. Finally, Park Place Capital Corp bought a new position in Fair Isaac during the 2nd quarter valued at approximately $65,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company set a $2,300.00 price objective on Fair Isaac in a research report on Wednesday. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday. UBS Group increased 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 note on Monday, September 15th. Finally, Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of "Buy" and a consensus target price of $2,130.29.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 18,032 shares of company stock valued at $28,153,015 over the last three months. 3.46% of the stock is currently owned by insiders.

Fair Isaac Stock Up 17.8%

Shares of FICO opened at $1,781.42 on Friday. The stock has a market cap of $42.75 billion, a P/E ratio of 69.67, a P/E/G ratio of 2.37 and a beta of 1.35. The business's 50 day moving average price is $1,469.68 and its 200-day moving average price is $1,703.01. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the previous year, the business earned $6.25 earnings per share. The firm's quarterly 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 analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has authorized a share repurchase program on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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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