Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 25.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,128 shares of the technology company's stock after selling 3,451 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Fair Isaac were worth $19,207,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in FICO. JPMorgan Chase & Co. boosted its holdings in shares of Fair Isaac by 0.8% in the 4th quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after purchasing an additional 5,371 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fair Isaac by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after purchasing an additional 17,656 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after acquiring an additional 26,811 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Fair Isaac by 286,768.9% in the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after acquiring an additional 258,092 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Fair Isaac by 20.1% in the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock valued at $506,096,000 after acquiring an additional 42,588 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.
Fair Isaac Stock Performance
Shares of FICO stock traded down $4.41 during mid-day trading on Friday, hitting $1,531.39. The company's stock had a trading volume of 134,033 shares, compared to its average volume of 367,389. The company's fifty day simple moving average is $1,727.13 and its 200-day simple moving average is $1,827.94. Fair Isaac Corporation has a 52 week low of $1,477.11 and a 52 week high of $2,402.51. The company has a market cap of $37.27 billion, a PE ratio of 65.95, a P/E/G ratio of 2.47 and a beta of 1.28.
Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data 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. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same period last year, the company posted $6.14 EPS. The business's quarterly revenue was up 15.0% on a year-over-year basis. On average, equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.
Fair Isaac announced that its Board of Directors has approved a stock buyback plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on FICO. Bank of America began coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target for the company. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price target for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. BMO Capital Markets upgraded Fair Isaac to a "strong-buy" rating in a research note on Thursday, July 10th. Needham & Company LLC set a $1,950.00 price target on Fair Isaac and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company dropped their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Buy" and a consensus target price of $2,218.64.
Get Our Latest Stock Analysis on FICO
Insiders Place Their Bets
In other news, Director Marc F. Mcmorris sold 797 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the sale, the director directly owned 242 shares in the company, valued at $505,175. This trade represents a 76.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,906 shares of company stock valued at $45,222,913. Insiders own 3.46% of the company's stock.
Fair Isaac Profile
(
Free Report)
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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