Fair Isaac Corporation $FICO Stock Holdings Lowered by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Fair Isaac Corporation (NYSE:FICO) by 18.8%, ending the quarter with 701 shares valued at approximately $1.28 million.
• Fair Isaac reported a quarterly EPS of $8.57, exceeding expectations, with revenues reaching $536.42 million, a 19.8% increase year-over-year.
• Multiple firms, including Zacks and Wells Fargo, have upgraded Fair Isaac's stock rating, indicating strong market confidence as reflected in increased price targets.

Atria Wealth Solutions Inc. reduced its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 18.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701 shares of the technology company's stock after selling 162 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Fair Isaac were worth $1,281,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FICO. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Fair Isaac by 23.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,230 shares of the technology company's stock valued at $4,076,000 after buying an additional 419 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Fair Isaac by 11.7% during the second quarter. Sequoia Financial Advisors LLC now owns 649 shares of the technology company's stock valued at $1,187,000 after purchasing an additional 68 shares during the last quarter. MGO One Seven LLC purchased a new stake in shares of Fair Isaac during the second quarter valued at $274,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Fair Isaac by 18.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 46,087 shares of the technology company's stock valued at $84,947,000 after purchasing an additional 7,121 shares during the last quarter. Finally, Index Fund Advisors Inc. purchased a new stake in shares of Fair Isaac during the second quarter valued at $1,470,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,618.85 on Friday. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The stock's 50-day moving average is $1,527.15 and its two-hundred day moving average is $1,692.98. The firm has a market cap of $38.85 billion, a P/E ratio of 63.31, a PEG ratio of 1.76 and a beta of 1.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period in the prior year, the firm posted $6.25 EPS. The business's 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. As a group, research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has approved a stock buyback program on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FICO. Zacks Research upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. 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. UBS Group boosted 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. Weiss Ratings reissued a "hold (c)" rating on shares of Fair Isaac in a research note on Wednesday, October 8th. Finally, Barclays boosted their target price on shares of 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. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,137.43.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the firm's 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 transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 18,032 shares of company stock worth $28,094,085. 3.46% of the stock is currently owned by company insiders.

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.

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