Marks Group Wealth Management Inc Reduces Holdings in Fair Isaac Corporation $FICO

Marks Group Wealth Management Inc decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 3.4% during the second quarter, Holdings Channel.com reports. The fund owned 4,705 shares of the technology company’s stock after selling 166 shares during the period. Marks Group Wealth Management Inc’s holdings in Fair Isaac were worth $8,601,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FICO. Brighton Jones LLC grew its stake in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of Fair Isaac by 128.0% during the first quarter. Merit Financial Group LLC now owns 399 shares of the technology company’s stock worth $736,000 after purchasing an additional 224 shares during the period. RFG Advisory LLC acquired a new stake in shares of Fair Isaac during the first quarter worth about $218,000. Signal Advisors Wealth LLC lifted its holdings in shares of Fair Isaac by 5.1% during the first quarter. Signal Advisors Wealth LLC now owns 187 shares of the technology company’s stock worth $345,000 after purchasing an additional 9 shares during the period. Finally, Impact Capital Partners LLC lifted its holdings in shares of Fair Isaac by 5.6% during the first quarter. Impact Capital Partners LLC now owns 227 shares of the technology company’s stock worth $419,000 after purchasing an additional 12 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Griffin Securities set a $1,800.00 target price on Fair Isaac in a report on Monday, August 18th. BMO Capital Markets lifted their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. Wells Fargo & Company set a $2,300.00 target price on Fair Isaac in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, UBS Group lifted their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Two research 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 company. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $2,130.29.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the business’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 sale, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 18,032 shares of company stock valued at $28,153,015 in the last three months. 3.46% of the stock is owned by insiders.

Fair Isaac Trading Up 3.7%

Shares of NYSE:FICO opened at $1,851.00 on Monday. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The company has a market capitalization of $44.42 billion, a PE ratio of 72.39, a PEG ratio of 2.14 and a beta of 1.35. The business has a 50 day moving average of $1,476.07 and a two-hundred day moving average of $1,701.02.

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

Fair Isaac announced that its board has approved a share 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.