Westmount Partners LLC Acquires 190 Shares of Fair Isaac Corporation $FICO

Key Points

• Westmount Partners LLC increased its stake in Fair Isaac Corporation by 34.9% in Q2, owning 735 shares worth approximately $1.34 million.
• Fair Isaac reported an earnings per share (EPS) of $8.57 in its latest earnings, exceeding analysts' expectations of $7.75, along with a revenue increase of 19.8% year-over-year.
• The company initiated a $1.00 billion share buyback program, signaling confidence in its stock valuation among its Board of Directors.

Westmount Partners LLC raised its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 34.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735 shares of the technology company's stock after purchasing an additional 190 shares during the quarter. Westmount Partners LLC's holdings in Fair Isaac were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Fair Isaac by 0.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock valued at $1,518,803,000 after purchasing an additional 3,677 shares during the period. Principal Financial Group Inc. grew its stake in Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after purchasing an additional 26,811 shares during the period. American Century Companies Inc. grew its stake in Fair Isaac by 4.7% in the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock valued at $712,985,000 after purchasing an additional 17,498 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Fair Isaac by 29.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company's stock valued at $584,193,000 after purchasing an additional 72,518 shares during the period. Institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Performance

Shares of FICO opened at $1,555.93 on Tuesday. The stock's 50-day simple moving average is $1,471.54 and its 200 day simple moving average is $1,724.91. The stock has a market capitalization of $37.34 billion, a price-to-earnings ratio of 60.85, a price-to-earnings-growth ratio of 3.01 and a beta of 1.35. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a share buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a "neutral" rating in a research note on Monday. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Oppenheimer cut their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company cut their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Finally, Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $2,101.71.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of Fair Isaac 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 completion of the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 18,032 shares of company stock valued at $28,153,015 in the last quarter. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Company 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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