Fair Isaac Corporation $FICO Shares Purchased by Koa Wealth Management LLC

Key Points

• Koa Wealth Management LLC increased its stake in Fair Isaac Corporation by 73.4%, owning 1,777 shares valued at approximately $3.25 million, marking it as the firm's 12th largest holding.
• CEO William J. Lansing sold 4,942 shares for over $8 million, resulting in a 10.26% decrease in his ownership of the company's stock.
• Fair Isaac reported a quarterly EPS of $8.57, exceeding estimates, with a revenue increase of 19.8% year-over-year, and set FY 2025 guidance at $29.15 EPS.

Koa Wealth Management LLC lifted its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 73.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,777 shares of the technology company's stock after buying an additional 752 shares during the quarter. Fair Isaac makes up about 2.6% of Koa Wealth Management LLC's investment portfolio, making the stock its 12th largest holding. Koa Wealth Management LLC's holdings in Fair Isaac were worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of FICO. Brighton Jones LLC boosted its holdings in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock valued at $258,000 after buying an additional 50 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Fair Isaac by 207.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,085 shares of the technology company's stock valued at $9,378,000 after buying an additional 3,433 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Fair Isaac by 10.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,124 shares of the technology company's stock valued at $7,605,000 after buying an additional 395 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of Fair Isaac by 20.7% in the 1st quarter. Sagespring Wealth Partners LLC now owns 163 shares of the technology company's stock valued at $301,000 after buying an additional 28 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the company's stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the completion of the sale, the chief executive officer directly owned 43,207 shares of the company's stock, valued at approximately $70,485,307.38. This represents a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 18,032 shares of company stock worth $28,094,085 over the last ninety days. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Trading Down 1.1%

Shares of NYSE FICO opened at $1,618.85 on Friday. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The company has a market capitalization of $38.85 billion, a price-to-earnings ratio of 63.31, a PEG ratio of 1.76 and a beta of 1.35. The firm has a 50-day moving average of $1,527.15 and a two-hundred day moving average of $1,692.98.

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, beating the consensus estimate 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 business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same period in the prior year, the business earned $6.25 earnings per share. The business's quarterly revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has initiated a share repurchase program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

FICO has been the subject of a number of research reports. Barclays lifted their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Wells Fargo & Company boosted their price target on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the company an "overweight" rating in a report on Tuesday. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Needham & Company LLC reissued a "buy" rating and set a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday, October 2nd. Finally, Seaport Res Ptn upgraded Fair Isaac to a "strong-buy" rating in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,137.43.

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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