Meritas Wealth Management LLC Reduces Stake in Fair Isaac Corporation $FICO

Key Points

• Meritas Wealth Management LLC has reduced its stake in Fair Isaac Corporation by 19.7%, selling 230 shares in the second quarter and now holding 938 shares valued at approximately $1.7 million.
• Fair Isaac reported earnings of $8.57 per share for the latest quarter, surpassing estimates, with a revenue increase of 19.8% year-over-year.
• The company has announced a $1 billion share buyback program that allows it to repurchase up to 2.3% of its shares, indicating a belief that its stock may be undervalued.

Meritas Wealth Management LLC reduced its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 19.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 938 shares of the technology company's stock after selling 230 shares during the quarter. Fair Isaac comprises 0.9% of Meritas Wealth Management LLC's investment portfolio, making the stock its 16th largest position. Meritas Wealth Management LLC's holdings in Fair Isaac were worth $1,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CWA Asset Management Group LLC increased its position in Fair Isaac by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after purchasing an additional 19 shares during the period. QRG Capital Management Inc. increased its position in shares of Fair Isaac by 4.5% during 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 increased its position in shares of Fair Isaac by 168.7% during 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 raised its stake in Fair Isaac by 55.6% in the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after buying an additional 50 shares in the last quarter. Finally, Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac in the first quarter worth about $28,000. Institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,516.52 on Thursday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The firm's 50-day moving average is $1,464.77 and its 200 day moving average is $1,703.46. The stock has a market cap of $36.40 billion, a price-to-earnings ratio of 59.31, a PEG ratio of 2.91 and a beta of 1.36.

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 (EPS) for the quarter, topping the consensus estimate of $7.75 by $0.82. The business 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%. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has authorized a share buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of research analyst reports. Oppenheimer reduced their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Needham & Company LLC reduced their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a report on Monday, August 18th. Barclays dropped their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,101.71.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the business's stock in a transaction on 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 completion of 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 through this link. Over the last three months, insiders sold 18,032 shares of company stock valued at $28,153,015. 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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