Fair Isaac Corporation $FICO Shares Sold by E Fund Management Co. Ltd.

Key Points

• E Fund Management Co. Ltd. reduced its stake in Fair Isaac Corporation by 43.0%, selling 388 shares, which left them with a total of 515 shares valued at $950,000 at the end of the quarter.
• Insiders, including CFO Steven P. Weber and CEO William J. Lansing, sold significant shares of the company, with total insider sales amounting to $22,247,892 over the last 90 days.
• Fair Isaac reported strong quarterly earnings with $8.57 EPS, exceeding estimates, and announced a $1 billion stock buyback plan indicating potential undervaluation of its stock.

E Fund Management Co. Ltd. lessened its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 43.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 515 shares of the technology company's stock after selling 388 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Fair Isaac were worth $950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Fair Isaac during the 4th quarter worth about $269,000. CreativeOne Wealth LLC acquired a new position in shares of Fair Isaac during the 4th quarter worth about $440,000. XTX Topco Ltd acquired a new position in shares of Fair Isaac during the 4th quarter worth about $500,000. Finally, Jump Financial LLC acquired a new position in shares of Fair Isaac during the 4th quarter worth about $4,280,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was 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 owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. The trade was a 12.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,021 shares of company stock valued at $22,247,892 over the last ninety days. 3.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FICO has been the topic of a number of research reports. Raymond James Financial dropped their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Oppenheimer dropped their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Griffin Securities set a $1,800.00 price target on Fair Isaac in a research note on Monday. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Finally, Barclays decreased 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 report on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $2,134.57.

Fair Isaac Trading Up 0.7%

Shares of FICO traded up $9.50 during mid-day trading on Monday, hitting $1,352.66. The company's stock had a trading volume of 204,486 shares, compared to its average volume of 267,191. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The firm has a market capitalization of $32.46 billion, a P/E ratio of 52.90, a P/E/G ratio of 2.62 and a beta of 1.28. The firm has a 50-day simple moving average of $1,614.82 and a 200 day simple moving average of $1,773.33.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The firm had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same period last year, the business posted $6.25 EPS. Fair Isaac's quarterly 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 fiscal year.

Fair Isaac announced that its Board of Directors has approved a share buyback plan 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 plans 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.