Petros Family Wealth LLC Makes New $347,000 Investment in Fair Isaac Corporation $FICO

Petros Family Wealth LLC bought a new position in shares of Fair Isaac Corporation (NYSE:FICO) in the second quarter, HoldingsChannel.com reports. The firm bought 190 shares of the technology company’s stock, valued at approximately $347,000.

A number of other large investors have also made changes to their positions in the business. CWA Asset Management Group LLC increased its position in shares of Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company’s stock valued at $267,000 after acquiring an additional 19 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company’s stock worth $728,000 after acquiring an additional 17 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares in the last quarter. GAMMA Investing LLC lifted its stake in Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company’s stock valued at $258,000 after buying an additional 50 shares in the last quarter. Finally, Geo Capital Gestora de Recursos Ltd purchased a new position in Fair Isaac in the 1st quarter valued at about $28,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In related 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 transaction 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 approximately $64,787,175. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 18,032 shares of company stock valued at $28,153,015. Company insiders own 3.46% of the company’s stock.

Fair Isaac Trading Up 3.7%

FICO stock opened at $1,851.00 on Monday. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The company has a market cap of $44.42 billion, a P/E ratio of 72.39, a P/E/G ratio of 2.14 and a beta of 1.35. The company’s 50-day moving average price is $1,476.07 and its 200 day moving average price is $1,701.02.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million for 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%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has approved a stock buyback plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FICO shares. BMO Capital Markets increased their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a report on Monday, August 18th. Oppenheimer decreased their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Finally, Barclays lifted their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,130.29.

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.