Solstein Capital Boosts Stake in Fair Isaac Corporation by 277.8%

Solstein Capital LLC significantly increased its investment in Fair Isaac Corporation, raising its holdings by an impressive 277.8% during the second quarter of this year. According to its latest 13F filing with the Securities and Exchange Commission, the institutional investor now owns 68 shares of the technology company after acquiring an additional 50 shares during the quarter. As of the most recent filing, Solstein’s stake in Fair Isaac is valued at approximately $124,000.

This strategic move by Solstein Capital comes amid a broader trend, as several other hedge funds have also adjusted their positions in Fair Isaac. For instance, Brighton Jones LLC increased its stake by 168.7% during the fourth quarter, acquiring a total of 481 shares now valued at $958,000. Meanwhile, GAMMA Investing LLC raised its holdings by 55.6% in the first quarter, bringing its total to 140 shares worth $258,000.

Nordea Investment Management AB also expanded its investment by 1.7% in the second quarter, owning 28,240 shares valued at $51.21 million. Additionally, Geo Capital Gestora de Recursos Ltd purchased a new stake worth about $28,000, and Fifth Third Bancorp increased its holdings by 5.4%, owning 413 shares valued at $755,000. Currently, institutional investors and hedge funds hold approximately 85.75% of Fair Isaac’s stock.

Analysts’ Ratings and Price Targets

Following these investments, various analysts have offered their insights on Fair Isaac shares. On October 1, 2023, Seaport Res Ptn upgraded the stock to a “strong-buy” rating. Wells Fargo & Company raised its target price from $2,300.00 to $2,400.00, assigning an “overweight” rating in a report released on October 14, 2023. Weiss Ratings maintained a “hold (c)” rating, while BMO Capital Markets increased its price target from $1,650.00 to $1,800.00, also giving the stock an “outperform” rating.

Notably, Raymond James Financial adjusted its target price downward from $2,230.00 to $1,800.00, classifying the stock as “outperform.” Overall, Fair Isaac has received three “Strong Buy” ratings, ten “Buy” ratings, and four “Hold” ratings, leading to a consensus rating of “Moderate Buy” with an average price target of $2,137.43.

Insider Activity and Stock Performance

In related news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock on September 9, 2023, at an average price of $1,537.50, totaling approximately $9.24 million. Following the sale, Lansing holds 42,138 shares valued at around $64.79 million, representing a 12.48% decrease in his ownership of the stock. This transaction was disclosed in a filing with the SEC, which is available for public access.

Over the past 90 days, insiders have sold a total of 18,032 shares worth about $28.09 million, with insiders owning approximately 3.46% of the company’s stock.

Fair Isaac’s stock opened at $1,664.53 on Monday, reflecting a 3.0% increase. The company boasts a market capitalization of $39.95 billion, with a price-to-earnings ratio of 65.10 and a price-to-earnings-growth ratio of 1.73. Fair Isaac’s stock has fluctuated between a fifty-two week low of $1,300.00 and a high of $2,402.51. The firm has a 50-day moving average price of $1,561.44 and a 200-day average of $1,685.38.

On July 30, 2023, Fair Isaac reported quarterly earnings of $8.57 per share, surpassing analysts’ expectations of $7.75 by $0.82. The company generated revenue of $536.42 million, exceeding the anticipated $520.40 million. Year-over-year, Fair Isaac’s revenue increased by 19.8%, with the previous year’s earnings per share reported at $6.25.

Looking ahead, Fair Isaac has set its fiscal year 2025 guidance at $29.15 EPS, with analysts predicting an average of $24.15 EPS for the current fiscal year.

Fair Isaac Corporation specializes in analytic, software, and digital decision-making technologies and services that empower businesses to automate and improve their decision-making processes across various regions, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through two main segments: Scores and Software, providing tailored solutions for needs such as customer management, fraud detection, and marketing.