Legacy Wealth Asset Management LLC Invests $371,000 in Fair Isaac Corporation $FICO

Legacy Wealth Asset Management LLC acquired a new position in Fair Isaac Corporation (NYSE:FICO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 203 shares of the technology company’s stock, valued at approximately $371,000.

Several other hedge funds have also recently made changes to their positions in the business. Meeder Asset Management Inc. raised its position in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after acquiring an additional 5 shares in the last quarter. Baker Avenue Asset Management LP raised its stake in Fair Isaac by 4.6% during the 1st quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company’s stock worth $209,000 after buying an additional 5 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Fair Isaac by 4.4% in the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company’s stock worth $262,000 after acquiring an additional 6 shares in the last quarter. Forum Financial Management LP increased its holdings in shares of Fair Isaac by 2.2% during the first quarter. Forum Financial Management LP now owns 275 shares of the technology company’s stock valued at $507,000 after acquiring an additional 6 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its holdings in shares of Fair Isaac by 5.8% during the first quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company’s stock valued at $201,000 after acquiring an additional 6 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FICO. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. BMO Capital Markets boosted their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Weiss Ratings restated a “hold (c)” rating on shares of Fair Isaac in a report on Wednesday, October 8th. Oppenheimer downgraded Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,137.43.

Fair Isaac Stock Performance

Shares of FICO opened at $1,568.85 on Wednesday. The stock has a 50 day moving average price of $1,544.29 and a two-hundred day moving average price of $1,687.85. The firm has a market capitalization of $37.66 billion, a P/E ratio of 61.36, a P/E/G ratio of 1.71 and a beta of 1.35. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51.

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

Insider Activity

In other news, CEO William J. Lansing sold 6,011 shares of the company’s 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 18,032 shares of company stock valued at $28,094,085 over the last three months. Corporate insiders own 3.46% of the company’s stock.

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.