Bayforest Capital Ltd Buys 317 Shares of Fair Isaac Corporation (NYSE:FICO)

Bayforest Capital Ltd boosted its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 417.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 393 shares of the technology company's stock after purchasing an additional 317 shares during the period. Bayforest Capital Ltd's holdings in Fair Isaac were worth $725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Holdings LLC acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $26,000. N.E.W. Advisory Services LLC acquired a new position in Fair Isaac in the first quarter worth about $30,000. Meeder Asset Management Inc. raised its stake in Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after acquiring an additional 5 shares during the period. Mechanics Financial Corp acquired a new stake in Fair Isaac during the first quarter worth about $46,000. Finally, Colonial Trust Co SC raised its stake in Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Griffin Securities set a $2,000.00 target price on shares of Fair Isaac in a research note on Wednesday, July 9th. Barclays reduced their price objective on 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. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. BMO Capital Markets upgraded Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Two 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $2,163.14.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Marc F. Mcmorris sold 797 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director directly owned 242 shares of the company's stock, valued at $505,175. This trade represents a 76.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,829 shares of company stock valued at $36,836,320 in the last three months. Company insiders own 3.46% of the company's stock.

Fair Isaac Price Performance

Shares of FICO stock traded down $53.25 on Friday, reaching $1,383.47. 798,467 shares of the company were exchanged, compared to its average volume of 395,901. The company has a 50-day moving average of $1,687.81 and a 200-day moving average of $1,812.84. The company has a market cap of $33.67 billion, a price-to-earnings ratio of 54.11, a PEG ratio of 2.32 and a beta of 1.28. Fair Isaac Corporation has a one year low of $1,350.00 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share 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 company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the firm earned $6.25 earnings per share. The firm's revenue was up 19.8% on a year-over-year basis. As a group, sell-side analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has approved a share buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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.