Focus Partners Wealth Increases Holdings in Fair Isaac Corporation $FICO

Focus Partners Wealth lifted its position in shares of Fair Isaac Corporation (NYSE:FICO) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,149 shares of the technology company’s stock after buying an additional 1,048 shares during the period. Focus Partners Wealth’s holdings in Fair Isaac were worth $79,574,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bayforest Capital Ltd grew its position in Fair Isaac by 417.1% during the 1st quarter. Bayforest Capital Ltd now owns 393 shares of the technology company’s stock worth $725,000 after acquiring an additional 317 shares during the last quarter. Alaethes Wealth LLC grew its position in Fair Isaac by 2.5% during the 1st quarter. Alaethes Wealth LLC now owns 1,397 shares of the technology company’s stock worth $2,576,000 after acquiring an additional 34 shares during the last quarter. SCS Capital Management LLC bought a new position in Fair Isaac during the 1st quarter worth approximately $312,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Fair Isaac by 29.7% during 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 worth $584,193,000 after acquiring an additional 72,518 shares during the last quarter. Finally, Woodline Partners LP grew its position in Fair Isaac by 46.1% during the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company’s stock worth $3,943,000 after acquiring an additional 675 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Up 0.5%

NYSE FICO opened at $1,546.01 on Wednesday. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The firm has a market capitalization of $37.10 billion, a PE ratio of 60.46, a P/E/G ratio of 3.00 and a beta of 1.35. The stock’s 50 day moving average is $1,495.33 and its 200 day moving average is $1,733.11.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate 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 business had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same period in the previous year, the company posted $6.25 earnings per share. The company’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, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Wall Street Analyst Weigh In

FICO has been the topic of several recent research reports. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research report on Monday, August 18th. Raymond James Financial reduced their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Oppenheimer reduced 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. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Finally, Robert W. Baird upgraded Fair Isaac from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,098.14.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the transaction, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at $63,284,533.92. This represents 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 the SEC website. Insiders sold 12,021 shares of company stock worth $18,911,102 over the last 90 days. Corporate insiders own 3.46% of the company’s stock.

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.