Edgestream Partners L.P. Acquires 5,203 Shares of Fair Isaac Corporation (NYSE:FICO)

Edgestream Partners L.P. increased its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 646.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,008 shares of the technology company's stock after buying an additional 5,203 shares during the period. Fair Isaac accounts for about 0.4% of Edgestream Partners L.P.'s investment portfolio, making the stock its 25th biggest holding. Edgestream Partners L.P.'s holdings in Fair Isaac were worth $11,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FICO. Brighton Jones LLC raised its stake in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after buying an additional 302 shares during the last quarter. Independent Advisor Alliance bought a new stake in Fair Isaac in the fourth quarter valued at approximately $563,000. Sequoia Financial Advisors LLC increased its stake in Fair Isaac by 20.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 502 shares of the technology company's stock valued at $999,000 after purchasing an additional 85 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Fair Isaac by 7.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,322 shares of the technology company's stock valued at $14,577,000 after purchasing an additional 495 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in Fair Isaac by 2.7% in the fourth quarter. Natixis Advisors LLC now owns 10,649 shares of the technology company's stock valued at $21,201,000 after purchasing an additional 280 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Trading Down 2.8%

Shares of FICO opened at $1,540.70 on Monday. Fair Isaac Corporation has a 12 month low of $1,484.29 and a 12 month high of $2,402.52. The firm has a fifty day simple moving average of $1,845.09 and a 200 day simple moving average of $1,858.49. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 66.35, a PEG ratio of 2.47 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping 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 business had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same quarter in the prior year, the company posted $6.14 earnings per share. The firm's revenue was up 15.0% on a year-over-year basis. As a group, research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction 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 sale, the director directly owned 242 shares of the company's stock, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 42,138 shares in the company, valued at $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,906 shares of company stock worth $45,222,913. Company insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

FICO has been the subject of several recent analyst reports. Griffin Securities set a $2,000.00 target price on shares of Fair Isaac in a research note on Wednesday. Wells Fargo & Company lowered their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Bank of America initiated coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price for the company. Barclays lowered their target price on shares of 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. Finally, Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price target for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $2,263.29.

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.

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