Tran Capital Management L.P. Increases Position 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. raised its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 753.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,491 shares of the technology company's stock after acquiring an additional 9,262 shares during the period. Fair Isaac makes up approximately 2.3% of Tran Capital Management L.P.'s investment portfolio, making the stock its 17th largest position. Tran Capital Management L.P.'s holdings in Fair Isaac were worth $19,178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after buying an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Fair Isaac by 0.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock worth $1,518,803,000 after purchasing an additional 3,677 shares during the period. Principal Financial Group Inc. lifted its position in Fair Isaac by 7.3% during the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after purchasing an additional 26,811 shares during the period. American Century Companies Inc. raised its position in shares of Fair Isaac by 4.7% in the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock valued at $712,985,000 after buying an additional 17,498 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Fair Isaac by 29.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company's stock valued at $584,193,000 after acquiring an additional 72,518 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the sale, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 18,032 shares of company stock worth $28,153,015 over the last quarter. 3.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent analyst 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. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a report on Monday, August 18th. UBS Group raised their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a report on Monday, September 15th. Needham & Company LLC dropped their price objective on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Finally, Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $2,021.00 to $1,900.00 in a research note 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2,101.71.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded down $18.27 during midday trading on Tuesday, hitting $1,520.68. The company had a trading volume of 107,168 shares, compared to its average volume of 274,104. The company has a 50 day moving average of $1,465.11 and a 200 day moving average of $1,713.64. The stock has a market capitalization of $36.50 billion, a P/E ratio of 59.49, a P/E/G ratio of 2.88 and a beta of 1.35. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the company earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has approved a share 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 reacquire up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

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.