Mirador Capital Partners LP Buys Shares of 764 Fair Isaac Corporation $FICO

Key Points

• Mirador Capital Partners LP has acquired a new stake in Fair Isaac Corporation, valued at approximately $1.40 million, in the second quarter.
• Insider transactions revealed that CEO William J. Lansing sold 6,011 shares of the company’s stock for $9.24 million, reducing his ownership by 12.48%.
• Fair Isaac's earnings exceeded estimates, reporting $8.57 EPS for the quarter, compared to a consensus estimate of $7.75, with revenues also showing a 19.8% increase year-over-year.

Mirador Capital Partners LP acquired a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 764 shares of the technology company's stock, valued at approximately $1,397,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. Meeder Asset Management Inc. increased its position in Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares during the last quarter. Baker Avenue Asset Management LP increased its position in shares of Fair Isaac by 4.6% in the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after acquiring an additional 5 shares in the last quarter. City Holding Co. increased its position in shares of Fair Isaac by 11.3% in the first quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after acquiring an additional 6 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Fair Isaac by 4.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after purchasing an additional 6 shares in the last quarter. Finally, Forum Financial Management LP increased its holdings in Fair Isaac by 2.2% in the 1st quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock valued at $507,000 after purchasing an additional 6 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Stock Performance

FICO traded down $45.01 during midday trading on Friday, reaching $1,477.09. 520,197 shares of the company were exchanged, compared to its average volume of 274,970. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The stock has a market capitalization of $35.45 billion, a P/E ratio of 57.77, a PEG ratio of 3.02 and a beta of 1.35. The stock's 50-day simple moving average is $1,466.43 and its 200 day simple moving average is $1,720.23.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 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 company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period in the previous year, the company posted $6.25 earnings per share. The company'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, research analysts anticipate 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 program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated 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 directly 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 Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 18,032 shares of company stock valued at $28,153,015. 3.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FICO has been the subject of a number of recent research reports. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research note on Monday, August 18th. Oppenheimer reduced their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Wells Fargo & Company reduced 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 note on Wednesday, July 9th. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Finally, Needham & Company LLC lowered their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $2,101.71.

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.