Fair Isaac Corporation $FICO Shares Sold by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC reduced its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 12.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 143 shares of the technology company’s stock after selling 20 shares during the period. Sagespring Wealth Partners LLC’s holdings in Fair Isaac were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FICO. ORG Partners LLC acquired a new stake in shares of Fair Isaac during the 2nd quarter valued at about $27,000. Hilltop National Bank acquired a new stake in shares of Fair Isaac during the 2nd quarter valued at about $27,000. Geo Capital Gestora de Recursos Ltd acquired a new stake in shares of Fair Isaac during the 1st quarter valued at about $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Fair Isaac during the 1st quarter valued at about $30,000. Finally, Meeder Asset Management Inc. grew its position in shares of 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 acquiring an additional 5 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Trading Down 0.4%

FICO stock opened at $1,614.22 on Friday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The stock has a market cap of $38.75 billion, a price-to-earnings ratio of 63.13, a PEG ratio of 1.74 and a beta of 1.35. The business’s 50-day moving average is $1,533.05 and its 200 day moving average is $1,689.87.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the company posted $6.25 EPS. The business’s revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 42,138 shares of the company’s stock, 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 through this hyperlink. Over the last 90 days, insiders have sold 18,032 shares of company stock valued at $28,094,085. Company insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

FICO has been the topic of a number of analyst reports. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. BMO Capital Markets raised their target price on 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. Zacks Research upgraded Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Barclays lifted their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.