Fair Isaac Corporation $FICO Shares Sold by M3 Advisory Group LLC

M3 Advisory Group LLC reduced its position in shares of Fair Isaac Corporation (NYSE:FICO) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167 shares of the technology company’s stock after selling 16 shares during the period. M3 Advisory Group LLC’s holdings in Fair Isaac were worth $306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC bought a new position in shares of Fair Isaac during the 2nd quarter valued at about $27,000. Hilltop National Bank acquired a new stake in Fair Isaac during the second quarter valued at approximately $27,000. Geo Capital Gestora de Recursos Ltd bought a new stake in Fair Isaac during the first quarter worth approximately $28,000. N.E.W. Advisory Services LLC bought a new stake in Fair Isaac during the first quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. grew its position 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 buying an additional 5 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Trading Down 2.4%

Shares of NYSE FICO opened at $1,668.26 on Monday. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The business has a 50-day moving average price of $1,504.63 and a two-hundred day moving average price of $1,696.55. The firm has a market capitalization of $40.04 billion, a PE ratio of 65.24, a PEG ratio of 1.83 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.25 earnings per share. 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.

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction 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 directly owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FICO shares. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Barclays upped their target price 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. Needham & Company LLC reissued a “buy” rating and issued a $1,950.00 price target on shares of Fair Isaac in a research note on Thursday, October 2nd. Zacks Research upgraded Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $2,130.29.

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.