Checchi Capital Advisers LLC Decreases Position in Fair Isaac Corporation $FICO

Checchi Capital Advisers LLC lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153 shares of the technology company’s stock after selling 27 shares during the period. Checchi Capital Advisers LLC’s holdings in Fair Isaac were worth $280,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Segment Wealth Management LLC grew its stake in Fair Isaac by 7.1% during the 2nd quarter. Segment Wealth Management LLC now owns 998 shares of the technology company’s stock valued at $1,824,000 after purchasing an additional 66 shares during the last quarter. Hilltop National Bank acquired a new stake in Fair Isaac in the 2nd quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Fair Isaac by 29.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,007 shares of the technology company’s stock worth $12,809,000 after purchasing an additional 1,574 shares during the last quarter. J. Safra Sarasin Holding AG raised its position in shares of Fair Isaac by 300.4% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 2,102 shares of the technology company’s stock valued at $3,842,000 after buying an additional 1,577 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new stake in Fair Isaac in the second quarter valued at approximately $894,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 1.4%

NYSE FICO opened at $1,875.54 on Wednesday. The company has a fifty day simple moving average of $1,490.21 and a 200 day simple moving average of $1,702.18. The company has a market cap of $45.01 billion, a P/E ratio of 73.35, a P/E/G ratio of 2.08 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 posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. Fair Isaac’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays increased their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. UBS Group raised their price objective on shares of 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fair Isaac in a research note on Saturday, September 27th. Oppenheimer reduced their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Finally, Wells Fargo & Company set a $2,300.00 price objective on shares of Fair Isaac in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,130.29.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the sale, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac 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.