190 Shares in Fair Isaac Corporation $FICO Bought by Petros Family Wealth LLC

Petros Family Wealth LLC bought a new stake in Fair Isaac Corporation (NYSE:FICO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 190 shares of the technology company’s stock, valued at approximately $347,000.

Several other hedge funds have also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its stake in shares of Fair Isaac by 1.0% in the second quarter. DAVENPORT & Co LLC now owns 786 shares of the technology company’s stock valued at $1,437,000 after buying an additional 8 shares during the period. Realta Investment Advisors bought a new stake in shares of Fair Isaac in the second quarter valued at $473,000. Segment Wealth Management LLC raised its stake in shares of Fair Isaac by 7.1% in the second quarter. Segment Wealth Management LLC now owns 998 shares of the technology company’s stock valued at $1,824,000 after buying an additional 66 shares during the period. Hilltop National Bank bought a new stake in shares of Fair Isaac in the second quarter valued at $27,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Fair Isaac by 29.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,007 shares of the technology company’s stock valued at $12,809,000 after buying an additional 1,574 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Trading Up 3.7%

Fair Isaac stock opened at $1,851.00 on Monday. The firm has a market cap of $44.42 billion, a price-to-earnings ratio of 72.39, a PEG ratio of 2.14 and a beta of 1.35. The stock has a fifty day simple moving average of $1,476.07 and a two-hundred day simple moving average of $1,701.02. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51.

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

Fair Isaac announced that its Board of Directors has authorized a stock buyback program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was 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 $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 18,032 shares of company stock valued at $28,153,015 in the last quarter. 3.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FICO has been the topic of several research reports. Raymond James Financial lowered their target price on 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. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research note on Monday, August 18th. UBS Group upped their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Oppenheimer cut their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a report on Thursday. Two investment 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate 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.