Stratos Wealth Partners LTD. Raises Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• Stratos Wealth Partners LTD. increased its holdings in Fair Isaac Corporation by 117.4%, owning 850 shares valued at approximately $1.55 million at the end of the second quarter.
• Fair Isaac Corporation reported an earnings per share (EPS) of $8.57 for the recent quarter, exceeding analysts' expectations, alongside a revenue of $536.42 million, reflecting a 19.8% year-over-year increase.
• Major institutional investors have significantly raised their stakes, with hedge funds currently owning 85.75% of Fair Isaac's stock.

Stratos Wealth Partners LTD. grew its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 117.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 850 shares of the technology company's stock after acquiring an additional 459 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Fair Isaac were worth $1,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FICO. Brighton Jones LLC lifted its position 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 acquiring an additional 302 shares in the last quarter. GAMMA Investing LLC lifted its position 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 acquiring an additional 50 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Fair Isaac by 207.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,085 shares of the technology company's stock valued at $9,378,000 after acquiring an additional 3,433 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Fair Isaac in the first quarter valued at $1,272,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Fair Isaac by 12.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,062 shares of the technology company's stock valued at $5,647,000 after acquiring an additional 341 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,621.92 on Tuesday. The stock's 50-day moving average is $1,539.31 and its 200-day moving average is $1,688.69. The company has a market cap of $38.93 billion, a price-to-earnings ratio of 63.43, a price-to-earnings-growth ratio of 1.74 and a beta of 1.35. 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 released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The company had revenue of $536.42 million for 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%.The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Insider Activity

In other news, CEO William J. Lansing sold 4,942 shares of the stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer owned 43,207 shares in the company, valued at approximately $70,485,307.38. This trade represents a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 18,032 shares of company stock valued at $28,094,085 in the last ninety days. 3.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FICO. Seaport Res Ptn upgraded Fair Isaac to a "strong-buy" rating in a research report on Wednesday, October 1st. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Barclays increased their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Fair Isaac in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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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