IFP Advisors Inc Has $421,000 Stock Position in Fair Isaac Corporation $FICO

IFP Advisors Inc reduced its position in Fair Isaac Corporation (NYSE:FICO) by 15.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 226 shares of the technology company’s stock after selling 40 shares during the period. IFP Advisors Inc’s holdings in Fair Isaac were worth $421,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of FICO. Brighton Jones LLC lifted its position in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares during the last quarter. GAMMA Investing LLC lifted its position in Fair Isaac by 55.6% during the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company’s stock worth $258,000 after acquiring an additional 50 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Fair Isaac by 207.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,085 shares of the technology company’s stock worth $9,378,000 after acquiring an additional 3,433 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Fair Isaac by 28.1% during the first quarter. Exchange Traded Concepts LLC now owns 1,619 shares of the technology company’s stock worth $2,986,000 after acquiring an additional 355 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Fair Isaac by 10.6% during the first quarter. Janney Montgomery Scott LLC now owns 4,124 shares of the technology company’s stock worth $7,605,000 after acquiring an additional 395 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FICO has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Fair Isaac in a research report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. BMO Capital Markets raised their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a research report on Monday, August 18th. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Raymond James Financial lowered their target price 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. Three research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,137.43.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the sale, the chief executive officer owned 42,138 shares of the company’s stock, valued at approximately $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,647.35 on Wednesday. The company’s 50 day simple moving average is $1,516.53 and its 200 day simple moving average is $1,694.93. The stock has a market capitalization of $39.54 billion, a price-to-earnings ratio of 64.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 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. The business had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a share repurchase 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 buy up to 2.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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.