Apollon Wealth Management LLC Acquires 458 Shares of Fair Isaac Corporation $FICO

Key Points

• Apollon Wealth Management LLC increased its stake in Fair Isaac Corporation by 192.4%, now owning 696 shares, valued at approximately $1,272,000.
• CEO William J. Lansing sold 6,011 shares, reducing his holdings by 12.48% to 42,138 shares, worth around $64.8 million.
• Fair Isaac reported a strong quarterly performance with an EPS of $8.57, exceeding estimates, alongside an increase in revenue of 19.8% year-over-year.

Apollon Wealth Management LLC boosted its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 192.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 696 shares of the technology company's stock after purchasing an additional 458 shares during the period. Apollon Wealth Management LLC's holdings in Fair Isaac were worth $1,272,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FICO. Brighton Jones LLC raised its stake in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after acquiring an additional 302 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Fair Isaac by 55.6% in the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock valued at $258,000 after acquiring an additional 50 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Fair Isaac by 207.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,085 shares of the technology company's stock valued at $9,378,000 after acquiring an additional 3,433 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Fair Isaac by 28.1% in the first quarter. Exchange Traded Concepts LLC now owns 1,619 shares of the technology company's stock valued at $2,986,000 after acquiring an additional 355 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Fair Isaac by 10.6% in the first quarter. Janney Montgomery Scott LLC now owns 4,124 shares of the technology company's stock valued at $7,605,000 after acquiring an additional 395 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction 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 completion of the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.46% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on FICO. BMO Capital Markets lifted their target price on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. UBS Group lifted their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a "neutral" rating in a research note on Monday, September 15th. Oppenheimer lowered shares of Fair Isaac from an "outperform" rating to a "market perform" rating in a report on Monday. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a report on Monday, August 18th. Finally, Raymond James Financial lowered their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2,137.43.

Fair Isaac Stock Performance

FICO opened at $1,647.35 on Wednesday. The company has a fifty day moving average price of $1,516.53 and a two-hundred day moving average price of $1,694.93. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The firm has a market capitalization of $39.54 billion, a PE ratio of 64.43, a P/E/G ratio of 1.77 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the previous year, the business earned $6.25 EPS. The business'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 year.

Fair Isaac declared that its Board of Directors has initiated a stock repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership 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.

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