AF Advisors Inc. Reduces Stock Position in Fair Isaac Corporation (NYSE:FICO)

AF Advisors Inc. lessened its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 21.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 280,597 shares of the technology company's stock after selling 76,744 shares during the period. Fair Isaac makes up 97.9% of AF Advisors Inc.'s holdings, making the stock its largest position. AF Advisors Inc. owned about 1.15% of Fair Isaac worth $517,466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Nebula Research & Development LLC acquired a new stake in Fair Isaac during the fourth quarter valued at approximately $2,540,000. CWA Asset Management Group LLC lifted its holdings in shares of Fair Isaac by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after purchasing an additional 19 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Fair Isaac by 4.5% in the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after purchasing an additional 17 shares during the period. Brighton Jones LLC increased its stake in Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FICO. Barclays reduced their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Needham & Company LLC restated a "buy" rating and issued a $2,575.00 price target on shares of Fair Isaac in a research report on Friday, June 20th. Jefferies Financial Group reiterated a "buy" rating and set a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Bank of America assumed coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price on the stock. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus target price of $2,304.15.

Fair Isaac Trading Up 0.7%

NYSE FICO traded up $12.75 on Friday, reaching $1,855.53. The stock had a trading volume of 88,775 shares, compared to its average volume of 194,752. Fair Isaac Corporation has a 1 year low of $1,484.29 and a 1 year high of $2,402.52. The business has a 50 day moving average price of $1,879.96 and a 200 day moving average price of $1,877.88. The company has a market capitalization of $45.16 billion, a price-to-earnings ratio of 79.91, a P/E/G ratio of 2.97 and a beta of 1.28.

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

Fair Isaac announced that its board has authorized a stock buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,000 shares of the firm'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 transaction, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the sale, the chief executive officer directly 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. Over the last ninety days, insiders sold 20,851 shares of company stock valued at $40,543,770. 3.46% of the stock is currently owned by insiders.

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.