Fair Isaac Corporation $FICO Shares Acquired by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its stake in Fair Isaac Corporation by 2.5%, now owning approximately 0.18% of the company, valued at $79.57 million.
• Fair Isaac's quarterly earnings topped expectations with an EPS of $8.57, exceeding estimates by $0.82 and generating revenue of $536.42 million.
• A share repurchase program has been initiated by Fair Isaac's Board, allowing the company to buy back $1 billion in shares, signaling confidence in the company's value.

Focus Partners Wealth boosted its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,149 shares of the technology company's stock after purchasing an additional 1,048 shares during the quarter. Focus Partners Wealth owned about 0.18% of Fair Isaac worth $79,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in FICO. Meeder Asset Management Inc. grew its holdings in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in Fair Isaac by 4.6% in the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after acquiring an additional 5 shares during the last quarter. City Holding Co. increased its position in shares of Fair Isaac by 11.3% in the first quarter. City Holding Co. now owns 59 shares of the technology company's stock valued at $109,000 after acquiring an additional 6 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Fair Isaac by 4.4% in the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after acquiring an additional 6 shares during the period. Finally, Forum Financial Management LP raised its stake in shares of Fair Isaac by 2.2% during the first quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock valued at $507,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company's stock in a transaction that occurred 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 represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 18,032 shares of company stock valued at $28,153,015 over the last ninety days. Insiders own 3.46% of the company's stock.

Fair Isaac Trading Down 3.3%

Fair Isaac stock traded down $52.50 during midday trading on Friday, hitting $1,544.06. The stock had a trading volume of 224,403 shares, compared to its average volume of 312,430. The company has a market capitalization of $37.06 billion, a PE ratio of 60.39, a P/E/G ratio of 3.11 and a beta of 1.35. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The firm's fifty day moving average is $1,477.76 and its two-hundred day moving average is $1,728.92.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. Fair Isaac's quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase 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 reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have commented on FICO. UBS Group raised their price objective on Fair Isaac from $1,540.00 to $1,590.00 and gave the company a "neutral" rating in a research report on Monday, September 8th. Wells Fargo & Company reduced their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Oppenheimer decreased their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Griffin Securities set a $1,800.00 price target on Fair Isaac in a report on Monday, August 18th. Finally, BMO Capital Markets lifted their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an "outperform" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2,098.14.

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.