Fair Isaac (NYSE:FICO) Trading Down 6.9% - Time to Sell?

Fair Isaac Corporation (NYSE:FICO - Get Free Report)'s share price traded down 6.9% on Tuesday . The company traded as low as $1,700.73 and last traded at $1,740.00. 197,713 shares were traded during trading, an increase of 1% from the average session volume of 195,297 shares. The stock had previously closed at $1,869.83.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FICO shares. Barclays decreased their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Oppenheimer upped their price target on Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research note on Tuesday. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Bank of America initiated coverage on Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $2,575.00 price target on shares of Fair Isaac in a research report on Friday, June 20th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and a consensus target price of $2,304.69.

Fair Isaac Stock Down 16.1%

The stock's fifty day moving average price is $1,876.53 and its two-hundred day moving average price is $1,871.96. The company has a market capitalization of $38.19 billion, a PE ratio of 67.57, a price-to-earnings-growth ratio of 2.97 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The company had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same period in the prior year, the firm earned $6.14 earnings per share. Fair Isaac's revenue was up 15.0% on a year-over-year basis. On average, equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has authorized a share buyback plan on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Insider Activity

In related news, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president owned 9,974 shares of the company's stock, valued at $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,895 shares of company stock worth $35,337,869 over the last three months. 3.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of 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 in the last quarter. Norges Bank bought a new stake in Fair Isaac in the 4th quarter valued at $442,369,000. Wealthfront Advisers LLC increased its holdings in Fair Isaac by 5,217.6% in the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after acquiring an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Fair Isaac in the 4th quarter valued at $261,610,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Fair Isaac by 376.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock valued at $321,790,000 after acquiring an additional 127,679 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

About Fair Isaac

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.

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