Quantbot Technologies LP Decreases Holdings in Fair Isaac Corporation $FICO

Key Points

• Quantbot Technologies LP reduced its stake in Fair Isaac Corporation by 77.8% in the first quarter, leaving it with only 312 shares valued at approximately $575,000.
• Institutional investors own 85.75% of Fair Isaac's stock, with notable increases in holdings from firms like Korea Investment CORP and Brooklyn Investment Group.
• Fair Isaac reported earnings per share of $8.57 for the last quarter, exceeding expectations and marking a 19.8% year-over-year increase in revenue.

Quantbot Technologies LP lowered its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 77.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 312 shares of the technology company's stock after selling 1,096 shares during the period. Quantbot Technologies LP's holdings in Fair Isaac were worth $575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FICO. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac in the 1st quarter worth approximately $30,000. Meeder Asset Management Inc. boosted 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 valued at $31,000 after purchasing an additional 5 shares during the last quarter. Mechanics Financial Corp purchased a new stake in Fair Isaac during the 1st quarter valued at $46,000. Colonial Trust Co SC boosted its stake in Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 10 shares during the last quarter. Finally, Hollencrest Capital Management boosted 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 valued at $48,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Performance

FICO traded up $16.69 during trading on Friday, reaching $1,523.06. 650,867 shares of the company traded hands, compared to its average volume of 356,199. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The firm has a fifty day simple moving average of $1,541.73 and a 200 day simple moving average of $1,744.84. The company has a market cap of $36.55 billion, a P/E ratio of 59.56, a PEG ratio of 2.93 and a beta of 1.28.

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. The business had revenue of $536.42 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

FICO has been the topic of several research reports. Needham & Company LLC dropped their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a report on Monday, August 18th. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Raymond James Financial reduced their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,134.57.

Insider Activity at Fair Isaac

In other news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the transaction, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the completion of the transaction, the chief executive officer owned 44,338 shares of the company's stock, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,021 shares of company stock worth $22,247,892 over the last ninety days. Insiders own 3.46% of the company's stock.

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.