Tran Capital Management L.P. Has $19.18 Million Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Tran Capital Management L.P. significantly increased its stake in Fair Isaac Corporation by 753.6%, owning 10,491 shares worth $19,178,000 after purchasing an additional 9,262 shares during the second quarter.
• Fair Isaac recently reported earnings per share (EPS) of $8.57, exceeding expectations, and announced a stock buyback plan allowing up to $1 billion in repurchases.
• CEO William J. Lansing sold 6,011 shares at an average price of $1,537.50, representing a notable reduction in his ownership by 12.48% following the transaction.

Tran Capital Management L.P. grew its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 753.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,491 shares of the technology company's stock after acquiring an additional 9,262 shares during the period. Fair Isaac comprises 2.3% of Tran Capital Management L.P.'s holdings, making the stock its 17th biggest position. Tran Capital Management L.P.'s holdings in Fair Isaac were worth $19,178,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FICO. Geo Capital Gestora de Recursos Ltd acquired a new stake in shares of Fair Isaac in the first quarter valued at about $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Fair Isaac in the first quarter valued at approximately $30,000. Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new position in shares of Fair Isaac during the second quarter worth $31,000. Finally, Mechanics Financial Corp purchased a new position in shares of Fair Isaac in the 1st quarter valued at $46,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 4.5%

NYSE FICO traded up $66.41 during trading on Monday, reaching $1,543.62. 298,416 shares of the company's stock were exchanged, compared to its average volume of 275,099. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The firm has a market capitalization of $37.05 billion, a PE ratio of 60.37, a P/E/G ratio of 2.88 and a beta of 1.35. The company's fifty day simple moving average is $1,465.15 and its 200-day simple moving average is $1,715.68.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate 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 business had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the previous year, the business posted $6.25 EPS. The firm's quarterly 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. Equities analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

FICO has been the topic of several recent research reports. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Needham & Company LLC cut their price objective 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. Oppenheimer dropped 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 research report on Thursday, July 31st. Finally, 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 for the company in a research report on Thursday, July 31st. 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. According to MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average target price of $2,101.71.

Insiders Place Their Bets

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 stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the sale, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 18,032 shares of company stock valued at $28,153,015 in the last quarter. Corporate insiders own 3.46% of the company's stock.

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.