Almanack Investment Partners LLC. Trims Holdings in Fair Isaac Corporation $FICO

Almanack Investment Partners LLC. decreased its holdings in Fair Isaac Corporation (NYSE:FICO) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 393 shares of the technology company’s stock after selling 19 shares during the period. Almanack Investment Partners LLC.’s holdings in Fair Isaac were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac in the first quarter worth $28,000. ORG Partners LLC purchased a new stake in Fair Isaac in the second quarter worth $27,000. Hilltop National Bank purchased a new stake in Fair Isaac in the second quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new stake in Fair Isaac in the first quarter worth $30,000. Finally, Meeder Asset Management Inc. increased its stake in Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after purchasing an additional 5 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,668.26 on Monday. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The stock’s 50-day moving average is $1,504.63 and its 200 day moving average is $1,696.55. The company has a market cap of $40.04 billion, a P/E ratio of 65.24, a PEG ratio of 1.83 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the company earned $6.25 earnings per share. The firm’s revenue for the quarter 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. On average, analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has approved a share repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Fair Isaac in a research note on Wednesday, October 8th. Zacks Research raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Needham & Company LLC reissued a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday, October 2nd. Oppenheimer dropped their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, Griffin Securities set a $1,800.00 price target on Fair Isaac in a research report on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $2,130.29.

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.