Teamwork Financial Advisors LLC Makes New $1.56 Million Investment in Fair Isaac Corporation $FICO

Key Points

• Teamwork Financial Advisors LLC acquired 855 shares of Fair Isaac Corporation (NYSE:FICO) valued at approximately $1.563 million during the second quarter.
• Fair Isaac's recent quarterly earnings reports showed an EPS of $8.57, exceeding estimates of $7.75 and representing a 19.8% increase in revenue year-over-year.
• The company has initiated a $1 billion share buyback program, which typically indicates that the board believes the stock is undervalued.

Teamwork Financial Advisors LLC purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 855 shares of the technology company's stock, valued at approximately $1,563,000.

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

Fair Isaac Trading Up 0.4%

Shares of FICO stock traded up $6.06 during trading hours on Friday, hitting $1,528.16. 100,042 shares of the company's stock were exchanged, compared to its average volume of 272,568. The company has a market capitalization of $36.68 billion, a PE ratio of 59.71, a PEG ratio of 3.02 and a beta of 1.35. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The business'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 earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate 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 company had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same period in the previous year, the firm earned $6.25 earnings per share. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has approved a stock buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in 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 often a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. This represents a 12.48% 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. In the last three months, insiders have sold 18,032 shares of company stock valued at $28,153,015. 3.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FICO shares. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday, August 18th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Raymond James Financial lowered their price objective 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. Oppenheimer lowered their target price on shares of 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. Finally, Barclays lowered 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 report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $2,101.71.

About Fair Isaac

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.