Fair Isaac Corporation $FICO Shares Sold by Drive Wealth Management LLC

Drive Wealth Management LLC lowered its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432 shares of the technology company’s stock after selling 7 shares during the period. Drive Wealth Management LLC’s holdings in Fair Isaac were worth $790,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FICO. Meeder Asset Management Inc. raised its stake 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 purchasing an additional 5 shares during the period. Baker Avenue Asset Management LP raised its position in Fair Isaac by 4.6% in the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company’s stock worth $209,000 after purchasing an additional 5 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in Fair Isaac by 4.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company’s stock valued at $262,000 after purchasing an additional 6 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Fair Isaac by 2.2% in the first quarter. Forum Financial Management LP now owns 275 shares of the technology company’s stock valued at $507,000 after buying an additional 6 shares during the last quarter. Finally, Ironwood Investment Counsel LLC lifted its position in Fair Isaac by 5.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company’s stock valued at $201,000 after purchasing an additional 6 shares during the period. Institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 4,942 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the sale, the chief executive officer owned 43,207 shares in the company, valued at approximately $70,485,307.38. This trade represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 18,032 shares of company stock worth $28,094,085 over the last 90 days. Company insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,614.22 on Monday. The firm has a fifty day moving average price of $1,533.05 and a two-hundred day moving average price of $1,689.10. The company has a market cap of $38.74 billion, a price-to-earnings ratio of 63.13, a PEG ratio of 1.74 and a beta of 1.35. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. During the same period last 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. Equities research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FICO has been the topic of several research reports. Zacks Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. UBS Group raised their price target 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. Finally, Barclays lifted their price target on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.