170 Shares in Fair Isaac Corporation $FICO Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC invested approximately $314,000 in Fair Isaac Corporation (NYSE:FICO) by acquiring 170 shares in the first quarter.
• Fair Isaac's stock has seen significant institutional investment, with hedge funds and other institutional investors owning 85.75% of the company.
• The company reported a strong earnings result, with $8.57 EPS for the last quarter, exceeding expectations and reflecting a 19.8% year-over-year revenue growth.

MBB Public Markets I LLC purchased a new position in Fair Isaac Corporation (NYSE:FICO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 170 shares of the technology company's stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac in the 1st quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new stake in Fair Isaac during the 1st quarter worth $30,000. Meeder Asset Management Inc. raised its stake in Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after buying an additional 5 shares during the period. Mechanics Financial Corp acquired a new stake in Fair Isaac during the 1st quarter worth $46,000. Finally, Hollencrest Capital Management raised its stake in Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock worth $48,000 after buying an additional 23 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

Shares of FICO traded down $52.50 during midday trading on Friday, hitting $1,544.06. The stock had a trading volume of 224,403 shares, compared to its average volume of 312,430. The company has a 50 day simple moving average of $1,477.76 and a two-hundred day simple moving average of $1,728.92. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The firm has a market cap of $37.06 billion, a price-to-earnings ratio of 60.39, a price-to-earnings-growth ratio of 3.11 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results 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. The business had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.Fair Isaac's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has initiated a share repurchase plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently commented on FICO shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Oppenheimer dropped their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price objective for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a research note on Monday, August 18th. Finally, Wells Fargo & Company dropped their price objective on 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. One 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $2,098.14.

Insider Activity

In related news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction dated Tuesday, September 9th. The stock was 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 owned 42,138 shares of the company's stock, valued at approximately $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 18,032 shares of company stock valued at $28,153,015 over the last 90 days. 3.46% of the stock is currently owned by insiders.

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.