Ballentine Partners LLC Lowers Holdings in Fair Isaac Corporation $FICO

Ballentine Partners LLC trimmed its position in Fair Isaac Corporation (NYSE:FICO) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184 shares of the technology company’s stock after selling 9 shares during the period. Ballentine Partners LLC’s holdings in Fair Isaac were worth $336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geo Capital Gestora de Recursos Ltd purchased a new position in Fair Isaac in the 1st quarter valued at $28,000. N.E.W. Advisory Services LLC purchased a new position in Fair Isaac in the 1st quarter valued at $30,000. Meeder Asset Management Inc. grew its position in Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after buying an additional 5 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new position in Fair Isaac in the 2nd quarter valued at $31,000. Finally, Mechanics Financial Corp purchased a new position in Fair Isaac in the 1st quarter valued at $46,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FICO has been the topic of several research analyst reports. Barclays decreased their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 9th. Wells Fargo & Company decreased their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 9th. Needham & Company LLC decreased their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a “buy” rating on the stock in a research report on Wednesday, July 16th. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research report on Monday, August 18th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,101.71.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,518.77 on Monday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The company has a market capitalization of $36.45 billion, a PE ratio of 59.40, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. The firm’s 50-day moving average is $1,465.98 and its two-hundred day moving average is $1,708.12.

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

Fair Isaac declared that its board has initiated a share buyback 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 purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 18,032 shares of company stock valued at $28,153,015 over the last quarter. 3.46% of the stock is 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.