Interchange Capital Partners LLC Sells 697 Shares of Fair Isaac Corporation $FICO

Key Points

• Interchange Capital Partners LLC reduced its holdings in Fair Isaac Corporation (NYSE:FICO) by 87.0%, selling 697 shares and bringing its total ownership to 104 shares valued at approximately $190,000.
• Fair Isaac recently reported a quarterly earnings per share (EPS) of $8.57, exceeding the consensus estimate by $0.82, and showing a 19.8% revenue increase year-over-year.
• The company's Board of Directors has approved a $1 billion stock repurchase program, indicating confidence in the stock's valuation amid its ongoing market performance.

Interchange Capital Partners LLC lessened its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 87.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104 shares of the technology company's stock after selling 697 shares during the period. Interchange Capital Partners LLC's holdings in Fair Isaac were worth $190,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. CWA Asset Management Group LLC boosted its holdings in shares of Fair Isaac by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after acquiring an additional 19 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Fair Isaac by 4.5% in the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after buying an additional 17 shares during the period. Brighton Jones LLC boosted 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 buying an additional 302 shares during the period. GAMMA Investing LLC boosted 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 buying an additional 50 shares during the period. Finally, Geo Capital Gestora de Recursos Ltd bought a new stake in shares of Fair Isaac in the first quarter valued at approximately $28,000. Institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,647.35 on Wednesday. The company has a fifty day moving average of $1,516.53 and a 200-day moving average of $1,694.93. The company has a market capitalization of $39.54 billion, a PE ratio of 64.43, a price-to-earnings-growth ratio of 1.77 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.

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

Fair Isaac declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an "overweight" rating in a research note on Tuesday. BMO Capital Markets boosted their price target on 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. Zacks Research upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research note on Monday, August 18th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $2,137.43.

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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