Voleon Capital Management LP Has $1.42 Million Stake in Fair Isaac Corporation $FICO

Key Points

• Voleon Capital Management LP has significantly reduced its stake in Fair Isaac Corporation by 76.2%, now holding just 770 shares after selling 2,466 shares in the first quarter.
• Despite Voleon's sell-off, other institutional investors like CWA Asset Management and Tidal Investments have increased their stakes significantly in Fair Isaac during the same period.
• Fair Isaac reported earnings of $8.57 per share, surpassing expectations, with revenue up 19.8% year-over-year and a stock buyback program of $1 billion approved by its Board.

Voleon Capital Management LP trimmed its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 76.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 770 shares of the technology company's stock after selling 2,466 shares during the quarter. Voleon Capital Management LP's holdings in Fair Isaac were worth $1,420,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in 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 during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 valued at $1,518,803,000 after purchasing an additional 3,677 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Fair Isaac by 7.3% during the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after purchasing an additional 26,811 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Fair Isaac by 4.7% during the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock valued at $712,985,000 after purchasing an additional 17,498 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Fair Isaac by 286,768.9% during the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after purchasing an additional 258,092 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price objective for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Oppenheimer lowered their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Griffin Securities set a $1,800.00 target price on Fair Isaac in a report on Monday, August 18th. Finally, Barclays lowered their target price on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. One equities research 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,098.14.

Fair Isaac Stock Performance

FICO traded down $52.50 during trading on Friday, reaching $1,544.06. The company had a trading volume of 224,403 shares, compared to its average volume of 312,430. The firm's 50-day simple moving average is $1,477.76 and its 200 day simple moving average is $1,728.92. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 60.39, a PEG ratio of 3.11 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.

Fair Isaac (NYSE:FICO - Get Free Report) last issued 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 firm had revenue of $536.42 million for 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 revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 18,032 shares of company stock worth $28,153,015. 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.