Wealth Enhancement Advisory Reduces Stake in Fair Isaac Corporation

Wealth Enhancement Advisory Services LLC has reduced its stake in Fair Isaac Corporation, known by its stock symbol NYSE:FICO, by 39.1% during the third quarter of 2023. According to the firm’s most recent Form 13F filing with the Securities and Exchange Commission (SEC), Wealth Enhancement now holds 5,413 shares of the technology company after selling 3,482 shares. The value of its remaining holdings stands at approximately $8.1 million.

Several other hedge funds have also made adjustments to their positions in Fair Isaac. Brighton Jones LLC significantly increased its holdings by 168.7% in the fourth quarter, now owning 481 shares worth around $958,000 after acquiring an additional 302 shares. Meanwhile, Great Lakes Advisors LLC increased its stake by 5.7% in the first quarter, bringing its total to 112 shares valued at $207,000 following a purchase of six more shares.

Additionally, Woodline Partners LP raised its holdings by 46.1% in the first quarter, resulting in ownership of 2,138 shares worth approximately $3.94 million. Park Avenue Securities LLC boosted its position by 60.7% in the second quarter, acquiring 638 shares valued at $1.17 million. Fifth Third Bancorp also increased its stake by 5.4% in the second quarter, now holding 413 shares valued at $755,000.

Currently, hedge funds and institutional investors own an impressive 85.75% of Fair Isaac’s stock.

Insider Activity and Stock Performance

In related news, Fair Isaac’s Director Eva Manolis sold 521 shares of the company on December 12, 2023, at an average price of $1,825.83, amounting to a total of $951,257.43. Following this transaction, Manolis holds 344 shares valued at approximately $628,085.52, representing a significant decrease of 60.23% in her holdings. This sale was disclosed in an SEC filing.

The company’s Chief Financial Officer, Steven P. Weber, sold 1,426 shares on December 17, 2023, at an average price of $1,810.00, totaling $2.58 million. After this transaction, Weber owns 2,804 shares valued at around $5.08 million, marking a 33.71% decrease in his position. In total, insiders have sold 4,347 shares worth approximately $7.69 million over the past ninety days, with insiders now owning 3.46% of the company.

Current Market Insights

As of the latest trading session, shares of Fair Isaac Corporation opened at $1,542.02. The company boasts a market capitalization of $36.64 billion, a price-to-earnings ratio of 58.08, and a price-to-earnings-growth ratio of 1.65. Over the past year, Fair Isaac’s stock has fluctuated between a low of $1,300.00 and a high of $2,217.60. The company’s 50-day moving average is $1,707.92, while the 200-day moving average stands at $1,605.17.

On October 30, 2023, Fair Isaac announced its quarterly earnings results, reporting earnings per share of $7.74, surpassing analysts’ expectations of $7.36 by $0.38. The firm also achieved a net margin of 32.75% with a revenue of $515.75 million, which exceeded the consensus estimate of $512.38 million. Notably, this represents a 13.6% increase in revenue compared to the same quarter in the prior year. Analysts project that Fair Isaac will achieve earnings per share of $24.15 for the current fiscal year.

Fair Isaac Corporation, headquartered in San Jose, California, is a leader in data analytics and software solutions, particularly recognized for its FICO Score, widely used in credit risk assessment. Established in 1956 by Bill Fair and Earl Isaac, the company has expanded its focus from credit scoring to include predictive analytics and AI-driven solutions across various industries globally.