Peak Financial Advisors LLC Sells 263 Shares of Fair Isaac Corporation $FICO

Key Points

• Peak Financial Advisors LLC has reduced its stake in Fair Isaac Corporation by 16.9%, leaving it with 1,297 shares valued at $2.37 million according to its recent SEC filing.
• Fair Isaac reported Q2 earnings of $8.57 per share, exceeding analysts' expectations, and achieved a revenue of $536.42 million, marking a 19.8% increase year-over-year.
• Fair Isaac's Board of Directors has initiated a share buyback program of up to $1 billion, indicating confidence in the company’s stock valuation.

Peak Financial Advisors LLC decreased its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 16.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,297 shares of the technology company's stock after selling 263 shares during the quarter. Peak Financial Advisors LLC's holdings in Fair Isaac were worth $2,371,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its position in Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after purchasing an additional 5 shares during the period. Baker Avenue Asset Management LP lifted its stake in shares of Fair Isaac by 4.6% in the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock valued at $209,000 after purchasing an additional 5 shares during the period. City Holding Co. increased its holdings in Fair Isaac by 11.3% in the 1st quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after acquiring an additional 6 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Fair Isaac by 4.4% during the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock worth $262,000 after buying an additional 6 shares in the last quarter. Finally, Forum Financial Management LP grew its holdings 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 worth $507,000 after buying an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,544.06 on Friday. The stock has a fifty day moving average price of $1,477.76 and a 200 day moving average price of $1,727.96. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The company has a market cap 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 (NYSE:FICO - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts' consensus estimates 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 negative return on equity of 48.88% and a net margin of 32.80%.Fair Isaac's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Analysts anticipate 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 share buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related 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 transaction of $9,241,912.50. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 18,032 shares of company stock worth $28,153,015. Company insiders own 3.46% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on FICO. UBS Group upped their target price on shares of 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. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. 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 report on Thursday, July 31st. Wells Fargo & Company decreased their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, Needham & Company LLC decreased their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,098.14.

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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