LGT Group Foundation Buys Shares of 3,359 Fair Isaac Corporation (NYSE:FICO)

Key Points

• LGT Group Foundation purchased 3,359 shares of Fair Isaac Corporation, valued at approximately $6.2 million, indicating strong institutional interest in the company.
• Insider selling occurred with CFO Steven P. Weber and CEO William J. Lansing offloading shares, resulting in a 34.94% and 7.92% decrease in their respective positions.
• Fair Isaac's latest earnings report showed a revenue increase of 19.8% year-over-year, with EPS at $8.57, surpassing estimates and a stock repurchase plan authorized for up to $1 billion.

LGT Group Foundation acquired a new position in Fair Isaac Corporation (NYSE:FICO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,359 shares of the technology company's stock, valued at approximately $6,195,000.

Other large investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in Fair Isaac during the 1st quarter worth approximately $30,000. Meeder Asset Management Inc. increased its stake in Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after buying an additional 5 shares during the period. Mechanics Financial Corp purchased a new stake in Fair Isaac during the 1st quarter worth approximately $46,000. Colonial Trust Co SC increased its stake in Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after buying an additional 10 shares during the period. Finally, Hollencrest Capital Management grew its holdings in Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock worth $48,000 after acquiring an additional 23 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on FICO. Oppenheimer lowered their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price target for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Wells Fargo & Company lowered their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $2,163.14.

Fair Isaac Trading Down 1.3%

Shares of Fair Isaac stock traded down $16.96 during trading on Thursday, reaching $1,318.33. The company's stock had a trading volume of 461,095 shares, compared to its average volume of 340,896. The company has a 50-day moving average price of $1,623.48 and a two-hundred day moving average price of $1,778.11. The firm has a market cap of $31.64 billion, a PE ratio of 51.56, a P/E/G ratio of 2.60 and a beta of 1.28. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same period in the previous year, the company posted $6.25 EPS. The company's quarterly revenue was up 19.8% on a year-over-year basis. On average, 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 buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,021 shares of company stock valued at $22,247,892. 3.46% of the stock is owned by insiders.

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.