Meritas Wealth Management LLC Reduces Stock Position in Fair Isaac Corporation $FICO

Meritas Wealth Management LLC lessened its stake in Fair Isaac Corporation (NYSE:FICO) by 19.7% in the second quarter, HoldingsChannel reports. The firm owned 938 shares of the technology company’s stock after selling 230 shares during the period. Fair Isaac makes up approximately 0.9% of Meritas Wealth Management LLC’s holdings, making the stock its 16th largest holding. Meritas Wealth Management LLC’s holdings in Fair Isaac were worth $1,715,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac during the first quarter valued at $28,000. ORG Partners LLC bought a new stake in shares of Fair Isaac during the 2nd quarter valued at about $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac during the 1st quarter valued at about $30,000. Meeder Asset Management Inc. lifted its stake 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 purchasing an additional 5 shares during the period. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Fair Isaac in the second quarter worth approximately $31,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,516.52 on Thursday. The stock has a market cap of $36.40 billion, a price-to-earnings ratio of 59.31, a price-to-earnings-growth ratio of 2.91 and a beta of 1.36. The stock has a 50 day moving average price of $1,464.77 and a 200-day moving average price of $1,703.46. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,402.51.

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 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%.Fair Isaac’s quarterly revenue was up 19.8% on a year-over-year basis. 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 predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of analysts have commented on FICO shares. BMO Capital Markets upped their target price 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. UBS Group upped their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Griffin Securities set a $1,800.00 target price on Fair Isaac in a report on Monday, August 18th. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Oppenheimer lowered their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,101.71.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 18,032 shares of company stock worth $28,153,015 in the last 90 days. Company insiders own 3.46% of the company’s stock.

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.