Tranquility Partners LLC Purchases 135 Shares of Fair Isaac Corporation $FICO

Tranquility Partners LLC boosted its position in Fair Isaac Corporation (NYSE:FICO) by 51.7% during the second quarter, HoldingsChannel.com reports. The fund owned 396 shares of the technology company’s stock after buying an additional 135 shares during the quarter. Tranquility Partners LLC’s holdings in Fair Isaac were worth $724,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FICO. ORG Partners LLC bought a new position in Fair Isaac in the second quarter valued at approximately $27,000. Hilltop National Bank bought a new position in Fair Isaac in the second quarter valued at approximately $27,000. Geo Capital Gestora de Recursos Ltd bought a new position in Fair Isaac in the first quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new position in Fair Isaac in the first quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. increased its stake in Fair Isaac by 41.7% in the first 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 last quarter. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of Fair Isaac in a research report on Wednesday. Wells Fargo & Company set a $2,300.00 target price on shares of Fair Isaac in a research report on Wednesday, October 1st. Finally, Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Buy” and an average price target of $2,130.29.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,668.26 on Friday. The firm has a market cap of $40.04 billion, a PE ratio of 65.24, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35. The firm’s fifty day moving average is $1,504.63 and its 200-day moving average is $1,697.77. 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 results 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 company had revenue of $536.42 million for the quarter, compared to analyst estimates 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 revenue was up 19.8% compared to the same quarter last year. During the same quarter 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. Sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has approved a share repurchase program on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of Fair Isaac 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 transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.