Fair Isaac Corporation (NYSE:FICO) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,358 shares of the technology company's stock after acquiring an additional 864 shares during the quarter. Asset Management One Co. Ltd. owned 0.07% of Fair Isaac worth $30,167,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nebula Research & Development LLC purchased a new position in Fair Isaac during the 4th quarter valued at about $2,540,000. CWA Asset Management Group LLC boosted its stake in shares of Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after buying an additional 19 shares during the period. QRG Capital Management Inc. boosted its stake 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 buying an additional 17 shares during the period. Brighton Jones LLC boosted its stake in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after buying an additional 302 shares during the period. Finally, Allstate Corp purchased a new position in shares of Fair Isaac in the 4th quarter valued at about $1,441,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $2,575.00 price objective on shares of Fair Isaac in a research note on Friday, June 20th. Raymond James Financial reiterated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Oppenheimer lifted their price objective on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price objective for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Finally, Royal Bank Of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2,304.15.

Fair Isaac Price Performance

Shares of NYSE FICO traded down $72.43 during midday trading on Thursday, hitting $1,821.02. 319,955 shares of the company's stock were exchanged, compared to its average volume of 193,904. Fair Isaac Corporation has a twelve month low of $1,443.68 and a twelve month high of $2,402.52. The company has a market cap of $44.32 billion, a PE ratio of 78.42, a P/E/G ratio of 3.16 and a beta of 1.29. The firm's fifty day simple moving average is $1,887.32 and its 200-day simple moving average is $1,892.44.

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

Fair Isaac declared that its board has initiated a share buyback plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction that occurred on Monday, June 9th. The stock was 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 now owns 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, 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. Insiders have sold a total of 20,851 shares of company stock valued at $40,543,770 over the last quarter. Company insiders own 3.46% of the company's stock.

Fair Isaac Company 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.