Spyglass Capital Management LLC Has $60.16 Million Holdings in Fair Isaac Corporation $FICO

Spyglass Capital Management LLC increased its position in Fair Isaac Corporation (NYSE:FICO) by 13.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,350 shares of the technology company’s stock after buying an additional 6,811 shares during the period. Fair Isaac accounts for 4.3% of Spyglass Capital Management LLC’s portfolio, making the stock its 10th largest holding. Spyglass Capital Management LLC’s holdings in Fair Isaac were worth $60,156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bayban bought a new stake in Fair Isaac in the fourth quarter worth approximately $25,000. Physician Wealth Advisors Inc. raised its holdings in shares of Fair Isaac by 166.7% during the 4th quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock valued at $27,000 after purchasing an additional 10 shares in the last quarter. Torren Management LLC bought a new position in shares of Fair Isaac during the 4th quarter valued at $30,000. Rakuten Securities Inc. lifted its stake in shares of Fair Isaac by 100.0% in the 2nd quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock valued at $44,000 after purchasing an additional 12 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of Fair Isaac in the 4th quarter valued at $42,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

NYSE FICO opened at $1,335.37 on Wednesday. The company’s fifty day moving average is $1,217.73 and its two-hundred day moving average is $1,239.24. Fair Isaac Corporation has a 52-week low of $870.01 and a 52-week high of $1,998.01. The firm has a market capitalization of $30.97 billion, a price-to-earnings ratio of 42.30, a P/E/G ratio of 1.14 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $12.50 EPS for the quarter, beating the consensus estimate of $11.03 by $1.47. The firm had revenue of $691.68 million during the quarter, compared to analysts’ expectations of $630.21 million. Fair Isaac had a negative return on equity of 41.04% and a net margin of 33.67%.The company’s revenue for the quarter was up 38.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.81 EPS. As a group, sell-side analysts expect that Fair Isaac Corporation will post 38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on FICO. Weiss Ratings raised shares of Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Mizuho assumed coverage on Fair Isaac in a research report on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 price target for the company. Raymond James Financial reiterated an “outperform” rating and set a $1,750.00 price target on shares of Fair Isaac in a research note on Wednesday, April 29th. Wells Fargo & Company lowered their price objective on Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, UBS Group raised their price objective on Fair Isaac from $1,250.00 to $1,270.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,627.93.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.