Maestria Partners LLC Makes New $10.97 Million Investment in Fair Isaac Corporation $FICO

Key Points

• Maestria Partners LLC made a new investment of $10.97 million in Fair Isaac Corporation (NYSE:FICO), acquiring 6,000 shares, which now represents about 3.8% of their investment portfolio.
• Several institutional investors, including OFI Invest Asset Management and Tranquility Partners LLC, increased their positions in Fair Isaac during the 2nd quarter, indicating growing interest in the stock.
• Fair Isaac announced a share buyback plan worth $1 billion, which reflects the board's belief that the stock may be currently undervalued.

Maestria Partners LLC bought a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 6,000 shares of the technology company's stock, valued at approximately $10,968,000. Fair Isaac makes up about 3.8% of Maestria Partners LLC's investment portfolio, making the stock its 12th largest position.

Several other institutional investors also recently made changes to their positions in the stock. OFI Invest Asset Management boosted its position in shares of Fair Isaac by 57.1% during the 2nd quarter. OFI Invest Asset Management now owns 55 shares of the technology company's stock worth $101,000 after purchasing an additional 20 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Fair Isaac by 3.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,732 shares of the technology company's stock worth $6,824,000 after purchasing an additional 121 shares in the last quarter. Tranquility Partners LLC boosted its position in shares of Fair Isaac by 51.7% during the 2nd quarter. Tranquility Partners LLC now owns 396 shares of the technology company's stock worth $724,000 after purchasing an additional 135 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Fair Isaac by 2.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 305 shares of the technology company's stock worth $558,000 after buying an additional 8 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Fair Isaac by 192.4% in the 2nd quarter. Apollon Wealth Management LLC now owns 696 shares of the technology company's stock worth $1,272,000 after buying an additional 458 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $64,787,175. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Trading Down 2.4%

Shares of FICO stock opened at $1,668.26 on Friday. The firm has a 50-day moving average price of $1,504.63 and a 200 day moving average price of $1,697.77. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The company has a market capitalization of $40.04 billion, a price-to-earnings ratio of 65.24, a PEG ratio of 1.83 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its 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. 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 during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the previous year, the company posted $6.25 EPS. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

FICO has been the topic of several recent research reports. Oppenheimer decreased their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Seaport Res Ptn upgraded shares of Fair Isaac to a "strong-buy" rating in a research report on Wednesday, October 1st. BMO Capital Markets boosted their price objective 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, Barclays boosted their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Three equities research 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. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $2,130.29.

About Fair Isaac

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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