Axxcess Wealth Management LLC Lowers Position in Fair Isaac Corporation $FICO

Axxcess Wealth Management LLC lessened its position in Fair Isaac Corporation (NYSE:FICO) by 14.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 162 shares of the technology company’s stock after selling 27 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Fair Isaac were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Fair Isaac during the 2nd quarter valued at approximately $27,000. Hilltop National Bank bought a new position in Fair Isaac during the 2nd quarter valued at approximately $27,000. Geo Capital Gestora de Recursos Ltd bought a new position in Fair Isaac during the 1st quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new position in Fair Isaac during the 1st quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. increased its position in Fair Isaac by 41.7% during 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 in the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO opened at $1,614.22 on Friday. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51. The firm has a market capitalization of $38.75 billion, a P/E ratio of 63.13, a PEG ratio of 1.74 and a beta of 1.35. The business has a fifty day moving average of $1,533.05 and a 200 day moving average of $1,689.87.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data 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 company had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the previous year, the company posted $6.25 earnings per share. Fair Isaac’s revenue 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. Analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 4,942 shares of Fair Isaac stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer owned 43,207 shares of the company’s stock, valued at $70,485,307.38. The trade was a 10.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 18,032 shares of company stock valued at $28,094,085 over the last three months. Insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FICO shares. Barclays raised their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fair Isaac in a research report on Wednesday, October 8th. BMO Capital Markets lifted their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. Seaport Res Ptn raised Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Wells Fargo & Company lifted their target price on Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,137.43.

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.