Commerce Bank Acquires 260 Shares of Fair Isaac Corporation (NYSE:FICO)

Key Points

• Commerce Bank increased its stake in Fair Isaac Corporation by 5.8% in Q1, holding 4,759 shares valued at approximately $8.78 million.
• Insider selling involved significant transactions, with CEO William J. Lansing selling 3,811 shares for nearly $6 million and CFO Steven P. Weber selling 1,000 shares for over $1.73 million.
• Fair Isaac's stock has seen a price range between $1,350.00 and $2,402.51 in the past year, and recently reported quarterly earnings exceeding expectations.

Commerce Bank lifted its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,759 shares of the technology company's stock after acquiring an additional 260 shares during the quarter. Commerce Bank's holdings in Fair Isaac were worth $8,776,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FICO. Pinnacle Holdings LLC acquired a new position in Fair Isaac in the fourth quarter worth approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Fair Isaac during the 1st quarter valued at $30,000. Meeder Asset Management Inc. boosted its stake in shares of Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares during the period. Mechanics Financial Corp acquired a new stake in shares of Fair Isaac in the 1st quarter valued at $46,000. Finally, Colonial Trust Co SC lifted its stake in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FICO. Barclays cut their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price target for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Oppenheimer cut their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $2,163.14.

Fair Isaac Price Performance

FICO stock traded down $5.27 during midday trading on Thursday, hitting $1,388.34. The company's stock had a trading volume of 25,544 shares, compared to its average volume of 263,053. Fair Isaac Corporation has a twelve month low of $1,336.03 and a twelve month high of $2,402.51. The company's fifty day moving average price is $1,673.40 and its 200 day moving average price is $1,800.41. The stock has a market capitalization of $33.32 billion, a P/E ratio of 54.25, a PEG ratio of 2.62 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period in the previous year, the business earned $6.25 EPS. The company's revenue was up 19.8% compared to the same quarter last year. Equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has approved a stock repurchase program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other news, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 242 shares in the company, valued at $505,175. The trade was a 76.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,829 shares of company stock worth $36,836,320 in the last ninety days. Insiders own 3.46% of the company's stock.

About Fair Isaac

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.