Ritholtz Wealth Management Decreases Stake in Fair Isaac Corporation $FICO

Key Points

• Ritholtz Wealth Management reduced its stake in Fair Isaac Corporation ($FICO) by 9.8% during the second quarter, leaving them with 4,442 shares valued at approximately $8.12 million.
• Fair Isaac reported a quarterly earnings per share of $8.57, exceeding analysts' expectations, with revenue increasing by 19.8% year-over-year to $536.42 million.
• The company has initiated a $1 billion share repurchase program, signaling confidence in its stock value during market fluctuations.

Ritholtz Wealth Management cut its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 9.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,442 shares of the technology company's stock after selling 481 shares during the quarter. Ritholtz Wealth Management's holdings in Fair Isaac were worth $8,120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Fair Isaac by 55.6% during the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after acquiring an additional 50 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Fair Isaac by 207.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,085 shares of the technology company's stock worth $9,378,000 after acquiring an additional 3,433 shares during the period. Exchange Traded Concepts LLC increased its stake in Fair Isaac by 28.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,619 shares of the technology company's stock valued at $2,986,000 after purchasing an additional 355 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Fair Isaac by 10.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,124 shares of the technology company's stock valued at $7,605,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Trading Down 0.2%

Shares of NYSE:FICO opened at $1,647.35 on Wednesday. The firm has a market cap of $39.54 billion, a price-to-earnings ratio of 64.43, a PEG ratio of 1.77 and a beta of 1.35. The stock's 50-day moving average price is $1,516.53 and its two-hundred day moving average price is $1,694.93. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the prior year, the company posted $6.25 EPS. The company'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, research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its board has approved a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have weighed in on FICO. Zacks Research raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Raymond James Financial lowered their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a report on Monday, August 18th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Fair Isaac in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and an average price target of $2,137.43.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the 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 of the company's stock, valued at $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.46% of the company's stock.

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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