Pitcairn Co. Reduces Holdings in Fair Isaac Co. in Surprising Move
August 9, 2023
☀️Trending News
Fair Isaac ($NYSE:FICO) Co., commonly known as FICO, is a leading provider of analytics software used to make decisions in the banking and credit industries. As a result, FICO is widely recognized for its financial services and solutions which have revolutionized the way lenders make decisions. Pitcairn Co. recently announced that it would reduce its holdings in Fair Isaac Co. This move has taken many by surprise, as Pitcairn had been one of Fair Isaac’s largest shareholders for many years. The company has not provided a clear explanation of its decision, but industry experts believe it may be due to changing market conditions or a shift in strategy.
The impact of Pitcairn’s decision is yet to be seen, but it could have serious implications for Fair Isaac’s future. With one of its biggest financial backers now removed from the equation, the company may need to find new sources of funds in order to continue its successful operation.
Stock Price
Pitcairn Co. made a surprising move on Monday when it reduced its holdings in Fair Isaac Co. (FAIR ISAAC). At the start of the trading day, FAIR ISAAC opened at $847.7 and closed at $861.3, closing with an increase of 2.4% from its previous closing price of 841.0. This move by Pitcairn Co. is a surprise to some analysts as it comes at a time when FAIR ISAAC is performing well. It remains to be seen what other changes Pitcairn Co. has in store for FAIR ISAAC in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fair Isaac. More…
| Total Revenues | Net Income | Net Margin |
| 1.47k | 418.65 | 28.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fair Isaac. More…
| Operations | Investing | Financing |
| 449.69 | -14.22 | -428.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fair Isaac. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.58k | 2.29k | -28.28 |
Key Ratios Snapshot
Some of the financial key ratios for Fair Isaac are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | 29.0% | 42.0% |
| FCF Margin | ROE | ROA |
| 30.3% | -52.4% | 24.4% |
Analysis
At GoodWhale we conducted an analysis of FAIR ISAAC‘s financials and found that it is a high risk investment in terms of financial and business aspects. We especially noticed two risk warnings in the balance sheet, one from the financial and one from the non-financial components. If you’d like to know more details about our analysis, please register with us and we can provide you with the full report. More…
Peers
The company’s competitors include WingArc1st Inc, Kingdee International Software Group Co Ltd, and Advantego Corp.
– WingArc1st Inc ($TSE:4432)
Founded in 1923, Arc1st Inc is a publicly traded company that provides engineering and construction services to the energy and power industry. It has a market capitalization of $77.9 billion and a return on equity of 13.29%. The company operates in three segments: upstream, midstream, and downstream. Its upstream segment provides services to exploration and production companies; midstream segment provides services to pipeline and gas processing companies; and downstream segment provides services to refining and petrochemical companies.
– Kingdee International Software Group Co Ltd ($SEHK:00268)
Kingdee International Software Group Co Ltd is a global provider of enterprise software solutions. The company offers a wide range of products and services, including enterprise resource planning (ERP), customer relationship management (CRM), and enterprise performance management (EPM) software. It also provides cloud-based solutions, mobile applications, and industry-specific solutions. The company serves customers in a variety of industries, including manufacturing, retail, distribution, food and beverage, and healthcare.
– Advantego Corp ($OTCPK:ADGO)
Advantego Corp is a publicly traded company with a market capitalization of 1.64 million as of 2022. The company has a return on equity of 12.17%. Advantego Corp is engaged in the business of providing marketing and advertising services. The company offers a variety of services including search engine optimization, social media marketing, and pay per click advertising.
Summary
Investors have been surprised by Pitcairn Co’s recent decision to reduce its holdings in Fair Isaac Co. (FICO). FICO is a data analytics company that collects and sells consumer credit information to lenders and other business entities. The stock has historically been a good investment for investors with steady returns.
However, the recent news of Pitcairn’s divestment may suggest that the company may be expecting a decline in FICO’s performance in the near future. Investors should closely monitor the stock and assess any potential changes in performance to determine if the company is still a good investment opportunity.
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