DekaBank Deutsche Girozentrale Buys 359 Shares of Fair Isaac Corporation (NYSE:FICO)

DekaBank Deutsche Girozentrale raised its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,867 shares of the technology company's stock after buying an additional 359 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.08% of Fair Isaac worth $33,996,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. increased its position in shares of Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in Fair Isaac during the 4th quarter worth approximately $26,000. Avalon Trust Co acquired a new stake in Fair Isaac during the 4th quarter valued at $40,000. Colonial Trust Co SC raised its stake in Fair Isaac by 71.4% during 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 period. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Fair Isaac by 600.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock valued at $56,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president owned 9,974 shares of the company's stock, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $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. In the last three months, insiders have sold 23,906 shares of company stock worth $45,222,913. 3.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FICO shares. Oppenheimer upped their price target on Fair Isaac from $2,293.00 to $2,300.00 and gave the company an "outperform" rating in a research report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $2,575.00 target price on shares of Fair Isaac in a research note on Friday, June 20th. Barclays reduced 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 report on Wednesday. Jefferies Financial Group restated a "buy" rating and set a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fair Isaac has a consensus rating of "Buy" and an average target price of $2,263.29.

Fair Isaac Price Performance

Shares of FICO stock traded down $43.68 on Friday, hitting $1,540.70. The company's stock had a trading volume of 379,480 shares, compared to its average volume of 203,702. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 66.35, a P/E/G ratio of 2.54 and a beta of 1.28. Fair Isaac Corporation has a fifty-two week low of $1,484.29 and a fifty-two week high of $2,402.52. The firm's fifty day moving average price is $1,845.09 and its 200-day moving average price is $1,861.59.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. The company had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The business's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.14 earnings per share. Analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a share repurchase program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually 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.