HB Wealth Management LLC Reduces Position in Fair Isaac Corporation $FICO

HB Wealth Management LLC lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423 shares of the technology company’s stock after selling 59 shares during the period. HB Wealth Management LLC’s holdings in Fair Isaac were worth $773,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FICO. ORG Partners LLC purchased a new stake in Fair Isaac during the 2nd quarter valued at about $27,000. Geo Capital Gestora de Recursos Ltd purchased a new stake in shares of Fair Isaac in the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac in the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. grew its stake in shares of 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 period. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Fair Isaac in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 3.7%

Shares of FICO opened at $1,851.00 on Friday. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The firm’s fifty day simple moving average is $1,476.07 and its 200-day simple moving average is $1,702.09. The firm has a market capitalization of $44.42 billion, a price-to-earnings ratio of 72.39, a PEG ratio of 2.90 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced 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 net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the business earned $6.25 EPS. The company’s revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has initiated a stock repurchase plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes 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 Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 18,032 shares of company stock valued at $28,153,015 in the last three months. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Oppenheimer dropped their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday. Raymond James Financial decreased their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. UBS Group upped their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.