LVW Advisors LLC Sells 26 Shares of Fair Isaac Corporation $FICO

LVW Advisors LLC reduced its position in shares of Fair Isaac Corporation (NYSE:FICO) by 10.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 231 shares of the technology company’s stock after selling 26 shares during the quarter. LVW Advisors LLC’s holdings in Fair Isaac were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. GAMMA Investing LLC raised its holdings in Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company’s stock valued at $476,129,000 after buying an additional 258,092 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Fair Isaac by 29.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock worth $584,193,000 after purchasing an additional 72,518 shares in the last quarter. Nuveen LLC bought a new position in Fair Isaac in the 1st quarter worth $114,864,000. Vanguard Group Inc. raised its holdings in Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock worth $5,463,202,000 after purchasing an additional 58,740 shares in the last quarter. Finally, Congress Asset Management Co. raised its holdings in Fair Isaac by 261.2% in the 2nd quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company’s stock worth $89,164,000 after purchasing an additional 35,272 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at approximately $64,787,175. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 18,032 shares of company stock worth $28,153,015. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of several research reports. Barclays decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating for the company in a report on Wednesday, July 9th. Needham & Company LLC decreased their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a “buy” rating for the company in a report on Wednesday, July 16th. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. BMO Capital Markets upped their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. Finally, Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $2,101.71.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,518.77 on Friday. The company has a 50-day moving average of $1,465.98 and a 200 day moving average of $1,708.35. The firm has a market cap of $36.46 billion, a price-to-earnings ratio of 59.40, a PEG ratio of 2.96 and a beta of 1.35. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate 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 company had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same period in the prior year, the firm posted $6.25 EPS. Fair Isaac’s revenue for the quarter was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, equities analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

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