Sandler Capital Management Has $5.58 Million Stake in Fair Isaac Corporation $FICO

Key Points

• Sandler Capital Management reduced its stake in Fair Isaac Corporation (NYSE:FICO) by 14.6%, selling 518 shares, which now represents 1.4% of their portfolio.
• Several institutional investors have significantly increased their positions in Fair Isaac, with Brighton Jones LLC raising its stake by 168.7% during the fourth quarter.
• Fair Isaac reported earnings per share of $8.57 for the recent quarter, exceeding analysts' expectations, with a revenue increase of 19.8% year-over-year.

Sandler Capital Management cut its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 14.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,024 shares of the technology company's stock after selling 518 shares during the quarter. Fair Isaac comprises approximately 1.4% of Sandler Capital Management's holdings, making the stock its 18th biggest position. Sandler Capital Management's holdings in Fair Isaac were worth $5,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FICO. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac in the first quarter valued at $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac in the first quarter valued at $30,000. Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares in the last quarter. Mechanics Financial Corp bought a new position in shares of Fair Isaac in the first quarter valued at $46,000. Finally, Colonial Trust Co SC grew its stake in shares of Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FICO shares. Barclays decreased their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Griffin Securities set a $1,800.00 price target on Fair Isaac in a report on Monday, August 18th. Oppenheimer cut their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Wells Fargo & Company cut their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,098.14.

Fair Isaac Stock Up 0.5%

Shares of FICO traded up $7.81 during midday trading on Tuesday, reaching $1,546.01. 218,278 shares of the stock were exchanged, compared to its average volume of 321,419. 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 cap of $37.10 billion, a P/E ratio of 60.46, a PEG ratio of 3.00 and a beta of 1.35. The stock's 50 day simple moving average is $1,495.33 and its 200 day simple moving average is $1,733.11.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the firm earned $6.25 earnings per share. The company's revenue 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, analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the completion of the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $63,284,533.92. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 12,021 shares of company stock worth $18,911,102 over the last three months. 3.46% of the stock is currently owned by company insiders.

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.