Quotient Wealth Partners LLC reduced its stock position in Fair Isaac Co. (NYSE:FICO)

VaselineOctober 10, 2024

0 5 minutes read

Quotient Wealth Partners LLC reduced its holdings in Fair Isaac Co. (NYSE:FICO – Free Report) by 2.7% during the third quarter, HoldingsChannel.com reports. The firm owned 713 shares of the technology company’s stock after selling 20 shares during the period. Quotient Wealth Partners LLC’s holdings in Fair Isaac were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Fair Isaac by 1.8% during the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock worth $651,000 after buying an additional 7 shares during the period. Bradley Foster & Sargent Inc. CT grew its position in shares of Fair Isaac by 2.5% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock valued at $491,000 after purchasing an additional 8 shares during the period. Alpha Cubed Investments LLC boosted its holdings in Fair Isaac by 1.7% in the third quarter. Alpha Cubed Investments LLC now owns 467 shares of the technology company’s stock valued at $908,000 after acquiring an additional 8 shares during the period. Western Financial Corp CA raised its holdings in Fair Isaac by 1.3% in the second quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock valued at $1,067,000 after purchasing an additional 9 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its position in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying 9 other actions in that period. Institutional investors own 85.75% of the company’s shares.

Fair price Isaac performance

Shares of FICO traded down $32.48 during trading hours on Thursday, reaching $1,992.51. The stock had a trading volume of 44,681 shares compared to its average volume of 170,934. The stock has a market cap of $49.24 billion, a price-to-earnings ratio of 106.17, a P/E/G ratio of 4.69 and a beta of 1.35. The company’s fifty day moving average is $1,804.73 and its two hundred day moving average is $1,517.11. Fair Isaac Co. it has a 52-week low of $811.99 and a 52-week high of $2,043.59.

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Fair Isaac (NYSE:FICO – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.34). The firm had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Equities analysts predict that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has authorized a share repurchase program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This buyback authorization allows the technology company to buy back up to 2.6% of its shares through open market purchases. Stock buyback programs are often a sign that company management believes its stock is undervalued.

The Wall Street analyst weighs in

FICO has been the subject of several research reports. Wells Fargo & Company boosted their price objective on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Wolfe Research assumed coverage on Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Finally, Goldman Sachs Group increased their price objective on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. . Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,787.08, according to MarketBeat.com.

Check out our latest analysis on FICO

Insider buying and selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the transaction, the executive vice president now owns 5,769 shares in the company, valued at approximately $9,895,392.63. The trade was a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In other news, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at $9,895,392.63. This trade represents a 0.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock worth $26,291,370 over the last three months. Insiders own 3.54% of the company’s shares.

About Fair Isaac

(Free report)

Fair Isaac Corporation develops analytics, software and digital decision technologies and services that enable companies to automate, improve and connect decisions in the Americas, Europe, Middle East, Africa and Asia Pacific. The company operates in two segments, Scores and Software. The Software segment offers preconfigured analytics and decision management solutions designed for various business needs or processes, such as account creation, customer management, customer engagement, fraud detection, financial crime compliance and marketing, and related professional services.