Cerity Partners LLC Raises Stock Position in Fair Isaac Corporation (NYSE:FICO)

Cerity Partners LLC grew its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 42.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,241 shares of the technology company's stock after buying an additional 673 shares during the quarter. Cerity Partners LLC's holdings in Fair Isaac were worth $4,133,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Fair Isaac by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after purchasing an additional 22,178 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fair Isaac by 0.8% during the fourth 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 lifted its position in shares of Fair Isaac by 2.7% during the fourth 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 position in shares of Fair Isaac by 7.3% during the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after purchasing an additional 26,811 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Fair Isaac by 286,768.9% during the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after purchasing an additional 258,092 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Oppenheimer lifted their price objective on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Needham & Company LLC set a $1,950.00 price objective on shares of Fair Isaac and gave the stock a "buy" rating in a research report on Wednesday. Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Finally, Barclays lowered their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Two investment 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. According to data from MarketBeat, Fair Isaac has an average rating of "Buy" and a consensus target price of $2,218.64.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 3,811 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the sale, the chief executive officer owned 44,338 shares of the company's stock, valued at $69,432,864.62. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the sale, the director directly owned 242 shares in the company, valued at approximately $505,175. This trade represents a 76.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,906 shares of company stock worth $45,222,913. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Trading Up 1.0%

Shares of NYSE FICO traded up $15.36 during midday trading on Friday, hitting $1,540.65. The company's stock had a trading volume of 190,013 shares, compared to its average volume of 208,199. The stock has a fifty day moving average price of $1,800.25 and a 200 day moving average price of $1,847.07. Fair Isaac Corporation has a one year low of $1,477.12 and a one year high of $2,402.52. The firm has a market capitalization of $37.50 billion, a price-to-earnings ratio of 66.35, 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 results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the previous year, the firm posted $6.14 earnings per share. The company's quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a stock repurchase plan on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management 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.