Legacy Wealth Asset Management LLC Takes Position in Fair Isaac Corporation $FICO

Legacy Wealth Asset Management LLC bought a new stake in Fair Isaac Corporation (NYSE:FICO) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 203 shares of the technology company’s stock, valued at approximately $371,000.

Several other institutional investors also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Fair Isaac by 3.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,151 shares of the technology company’s stock valued at $13,072,000 after acquiring an additional 250 shares in the last quarter. Whittier Trust Co. grew its holdings in Fair Isaac by 2.5% during the second quarter. Whittier Trust Co. now owns 14,091 shares of the technology company’s stock valued at $25,758,000 after purchasing an additional 337 shares during the period. Pittenger & Anderson Inc. grew its holdings in Fair Isaac by 33.4% during the second quarter. Pittenger & Anderson Inc. now owns 783 shares of the technology company’s stock valued at $1,431,000 after purchasing an additional 196 shares during the period. Phoenix Financial Ltd. grew its holdings in Fair Isaac by 28.8% during the second quarter. Phoenix Financial Ltd. now owns 161 shares of the technology company’s stock valued at $294,000 after purchasing an additional 36 shares during the period. Finally, Calamos Wealth Management LLC bought a new position in Fair Isaac during the second quarter valued at $2,049,000. 85.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the sale, the chief executive officer owned 43,207 shares in the company, valued at $70,485,307.38. This trade represents a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 18,032 shares of company stock worth $28,094,085 in the last quarter. Company insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,568.85 on Wednesday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The company has a market capitalization of $37.66 billion, a PE ratio of 61.36, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. The business’s fifty day moving average is $1,544.29 and its 200 day moving average is $1,687.85.

Fair Isaac (NYSE:FICO) 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. 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 business posted $6.25 earnings per share. The firm’s 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. On average, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FICO. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. UBS Group increased their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Wells Fargo & Company increased their price objective on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Barclays increased their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to 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.