Interchange Capital Partners LLC Sells 697 Shares of Fair Isaac Corporation $FICO

Interchange Capital Partners LLC decreased its holdings in Fair Isaac Corporation (NYSE:FICO) by 87.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 104 shares of the technology company’s stock after selling 697 shares during the period. Interchange Capital Partners LLC’s holdings in Fair Isaac were worth $190,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWA Asset Management Group LLC grew its stake in shares of Fair Isaac by 15.1% in the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company’s stock worth $267,000 after purchasing an additional 19 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Fair Isaac by 4.5% in the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company’s stock worth $728,000 after purchasing an additional 17 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Fair Isaac by 55.6% in the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company’s stock worth $258,000 after purchasing an additional 50 shares during the last quarter. Finally, Geo Capital Gestora de Recursos Ltd bought a new stake in Fair Isaac during the first quarter valued at $28,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO opened at $1,647.35 on Wednesday. The stock has a 50-day moving average of $1,516.53 and a 200-day moving average of $1,694.93. The company has a market cap of $39.54 billion, a PE ratio of 64.43, a P/E/G ratio of 1.77 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 issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million during 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 firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. 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. Analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has authorized a stock repurchase plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly 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 document filed with the SEC, which is available through this hyperlink. 3.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on FICO shares. Oppenheimer cut shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fair Isaac in a research report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday, October 2nd. UBS Group upped 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 report on Monday, September 15th. Finally, BMO Capital Markets upped their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. 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 data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and an average target price of $2,137.43.

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.