Trust Point Inc. Cuts Stake in Fair Isaac Corporation $FICO

Trust Point Inc. lessened its stake in Fair Isaac Corporation (NYSE:FICO) by 9.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144 shares of the technology company’s stock after selling 15 shares during the quarter. Trust Point Inc.’s holdings in Fair Isaac were worth $263,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. boosted its stake in shares of Fair Isaac by 50.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 697 shares of the technology company’s stock worth $1,274,000 after purchasing an additional 233 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Fair Isaac by 74.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,895 shares of the technology company’s stock valued at $16,503,000 after buying an additional 3,810 shares during the period. Swedbank AB raised its holdings in Fair Isaac by 0.8% in the second quarter. Swedbank AB now owns 12,205 shares of the technology company’s stock valued at $22,310,000 after buying an additional 100 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Fair Isaac by 9.1% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,173 shares of the technology company’s stock valued at $5,800,000 after buying an additional 265 shares during the period. Finally, Mirador Capital Partners LP purchased a new position in Fair Isaac in the second quarter valued at approximately $1,397,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Down 3.0%

Shares of FICO stock opened at $1,477.09 on Friday. The firm has a market cap of $35.45 billion, a PE ratio of 57.77, a price-to-earnings-growth ratio of 2.88 and a beta of 1.35. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51. The stock has a 50 day moving average of $1,465.15 and a 200-day moving average of $1,716.38.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results 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. The firm had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Insider Activity

In other news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was 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 owned 42,138 shares of the company’s stock, valued at $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 18,032 shares of company stock worth $28,153,015 over the last quarter. Corporate insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 9th. UBS Group lifted their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Needham & Company LLC dropped their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Wells Fargo & Company dropped their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 9th. Finally, Raymond James Financial dropped 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 research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,101.71.

About Fair Isaac

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.