AustralianSuper Pty Ltd Has $203.44 Million Stock Position in Fair Isaac Corporation (NYSE:FICO)

AustralianSuper Pty Ltd increased its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 7.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 110,314 shares of the technology company's stock after purchasing an additional 7,456 shares during the period. Fair Isaac accounts for approximately 1.1% of AustralianSuper Pty Ltd's holdings, making the stock its 17th largest position. AustralianSuper Pty Ltd owned about 0.45% of Fair Isaac worth $203,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Holdings LLC acquired a new position in Fair Isaac during the fourth quarter valued at approximately $26,000. Mechanics Financial Corp bought a new stake in Fair Isaac during the first quarter valued at $46,000. Colonial Trust Co SC boosted its position in Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 10 shares during the last quarter. Hollencrest Capital Management boosted its position in shares of 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 purchasing an additional 23 shares in the last quarter. Finally, Itau Unibanco Holding S.A. boosted its position in shares of Fair Isaac by 600.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock worth $56,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Raymond James Financial reiterated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a research note on Thursday, July 10th. Oppenheimer raised their price target on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Finally, Barclays decreased their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $2,218.64.

Insider Activity

In other Fair Isaac news, 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 value of $10,624,598.20. Following the completion of the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president owned 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,906 shares of company stock worth $45,222,913 in the last 90 days. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Trading Up 1.0%

FICO traded up $15.36 during trading on Friday, hitting $1,540.65. 190,013 shares of the company traded hands, compared to its average volume of 208,422. Fair Isaac Corporation has a 1 year low of $1,477.12 and a 1 year high of $2,402.52. The company has a market cap of $37.50 billion, a PE ratio of 66.35, a P/E/G ratio of 2.46 and a beta of 1.28. The stock's 50-day simple moving average is $1,789.28 and its two-hundred day simple moving average is $1,843.97.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating 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 business had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same quarter last year, the firm posted $6.14 EPS. The company's revenue for the quarter was up 15.0% on a year-over-year basis. Equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.