Stony Point Capital LLC Buys 2,626 Shares of Fair Isaac Corporation $FICO

Key Points

• Stony Point Capital LLC increased its holdings in Fair Isaac Corporation by 31.2% in the first quarter, now owning $20.35 million worth of shares, representing 2.1% of its total portfolio.
• Insider trading activity included CFO Steven P. Weber and CEO William J. Lansing selling a total of 13,021 shares, with Weber reducing his position by 34.94% and Lansing by 12.48%.
• Fair Isaac's stock has a consensus target price of $2,134.57, with a recent quarterly earnings report showing $8.57 earnings per share, exceeding estimates by $0.82.

Stony Point Capital LLC boosted its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 31.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,034 shares of the technology company's stock after acquiring an additional 2,626 shares during the quarter. Fair Isaac accounts for 2.1% of Stony Point Capital LLC's holdings, making the stock its 19th largest holding. Stony Point Capital LLC's holdings in Fair Isaac were worth $20,348,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FICO. GAMMA Investing LLC increased its stake in Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after acquiring an additional 258,092 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Fair Isaac by 663.1% during the fourth quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock valued at $215,715,000 after purchasing an additional 94,150 shares in the last quarter. Nuveen LLC acquired a new position in shares of Fair Isaac during the first quarter worth $114,864,000. Vanguard Group Inc. lifted its holdings in shares of Fair Isaac by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after purchasing an additional 58,740 shares during the period. Finally, Twinbeech Capital LP acquired a new position in shares of Fair Isaac during the fourth quarter worth $66,718,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

Shares of FICO stock traded down $15.09 on Tuesday, hitting $1,506.55. 334,456 shares of the company's stock traded hands, compared to its average volume of 273,293. The company's fifty day simple moving average is $1,534.57 and its 200 day simple moving average is $1,742.40. 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 $36.16 billion, a price-to-earnings ratio of 58.92, a P/E/G ratio of 2.96 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the business earned $6.25 EPS. Fair Isaac's 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. As a group, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has approved a share buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on FICO shares. Raymond James Financial dropped their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Needham & Company LLC decreased their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Finally, Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. One research 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 company. Based on data from MarketBeat, Fair Isaac currently has an average rating of "Moderate Buy" and an average price target of $2,134.57.

Insider Activity at Fair Isaac

In related news, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the sale, the chief financial officer directly owned 1,862 shares in the company, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the transaction, the chief executive officer directly owned 44,338 shares in the company, valued at $69,432,864.62. This represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,021 shares of company stock valued at $22,247,892 over the last 90 days. 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.