SCS Capital Management LLC Buys Shares of 169 Fair Isaac Corporation $FICO

Key Points

• SCS Capital Management LLC has acquired a new stake in Fair Isaac Corporation (FICO), purchasing 169 shares valued at approximately $312,000.
• CEO William J. Lansing sold 6,011 shares of FICO at an average price of $1,537.50, resulting in a total transaction value of over $9.24 million, which decreased his ownership stake by 12.48%.
• Fair Isaac reported earnings per share (EPS) of $8.57 for the last quarter, exceeding analysts’ expectations, with a revenue increase of 19.8% year-over-year.

SCS Capital Management LLC bought a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 169 shares of the technology company's stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC raised its position in Fair Isaac by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after purchasing an additional 19 shares in the last quarter. QRG Capital Management Inc. raised its position in Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after purchasing an additional 17 shares in the last quarter. Brighton Jones LLC raised its position in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after purchasing an additional 302 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after acquiring an additional 50 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Fair Isaac by 692.2% in the 4th quarter. Tidal Investments LLC now owns 14,133 shares of the technology company's stock worth $28,138,000 after acquiring an additional 12,349 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 6,011 shares of the company's 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 completion of the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $64,787,175. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 18,032 shares of company stock valued at $28,153,015. Corporate insiders own 3.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price target for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. 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. Barclays reduced their price target on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Finally, BMO Capital Markets boosted their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $2,101.71.

Fair Isaac Price Performance

NYSE FICO traded up $37.77 during trading hours on Wednesday, reaching $1,591.31. The company's stock had a trading volume of 42,684 shares, compared to its average volume of 271,753. The firm has a market capitalization of $38.19 billion, a price-to-earnings ratio of 62.29, a P/E/G ratio of 3.03 and a beta of 1.35. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The company's 50-day moving average is $1,468.49 and its two-hundred day moving average is $1,723.71.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly 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. The company had revenue of $536.42 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

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.