Marks Group Wealth Management Inc Sells 166 Shares of Fair Isaac Corporation $FICO

Key Points

• Marks Group Wealth Management Inc has reduced its holdings in Fair Isaac Corporation (NYSE:FICO) by 3.4%, selling 166 shares to hold a total of 4,705 shares valued at $8.6 million.
• CEO William J. Lansing sold 6,011 shares for approximately $9.2 million, resulting in a 12.48% decrease in his ownership, while insiders sold a total of 18,032 shares valued at over $28 million in recent months.
• Analysts remain optimistic about Fair Isaac with an average price target of $2,130.29 and multiple firms rating the stock as a "buy," despite Oppenheimer recently lowering its target from $2,300 to $1,953.

Marks Group Wealth Management Inc trimmed its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,705 shares of the technology company's stock after selling 166 shares during the quarter. Marks Group Wealth Management Inc's holdings in Fair Isaac were worth $8,601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geo Capital Gestora de Recursos Ltd bought a new stake in shares of Fair Isaac during the first quarter worth $28,000. ORG Partners LLC bought a new stake in shares of Fair Isaac during the second quarter worth $27,000. Hilltop National Bank bought a new stake in shares of Fair Isaac during the second quarter worth $27,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fair Isaac during the first quarter worth $30,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Fair Isaac by 41.7% during 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. 85.75% of the stock is currently owned by institutional investors.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 18,032 shares of company stock valued at $28,153,015 in the last 90 days. 3.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FICO. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Needham & Company LLC restated a "buy" rating and set a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday. Oppenheimer cut their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Finally, BMO Capital Markets raised 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,130.29.

Fair Isaac Price Performance

FICO opened at $1,851.00 on Monday. The business's 50-day moving average is $1,476.07 and its two-hundred day moving average is $1,701.02. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The firm has a market capitalization of $44.42 billion, a PE ratio of 72.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35.

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 (EPS) for the quarter, beating 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 quarter in the previous year, the firm earned $6.25 earnings per share. The firm'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. As a group, sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has authorized a share 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 reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

About Fair Isaac

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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