EFG Asset Management Americas Corp. Has $2.43 Million Position in Fair Isaac Corporation (NYSE:FICO)

Key Points

• EFG Asset Management Americas Corp. reduced its stake in Fair Isaac Corporation (FICO) by 17.3%, now owning 1,315 shares valued at approximately $2.4 million.
• Insider trading activity included EVP Thomas A. Bowers selling 4,077 shares for over $8.3 million and CFO Steven P. Weber selling 1,000 shares for about $1.7 million, reflecting significant decreases in their ownership.
• Fair Isaac reported stronger than expected earnings with an EPS of $8.57 and authorized a $1 billion share buyback, indicating the board's belief in the company's undervaluation.

EFG Asset Management Americas Corp. decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 17.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,315 shares of the technology company's stock after selling 276 shares during the quarter. EFG Asset Management Americas Corp.'s holdings in Fair Isaac were worth $2,425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nebula Research & Development LLC acquired a new position in shares of Fair Isaac during the 4th quarter worth $2,540,000. CWA Asset Management Group LLC grew its position in Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after purchasing an additional 19 shares during the last quarter. QRG Capital Management Inc. grew its position in Fair Isaac by 4.5% in the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after purchasing an additional 17 shares during the last quarter. Brighton Jones LLC grew its position in Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Fair Isaac by 55.6% during the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after acquiring an additional 50 shares during the period. Institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

FICO has been the subject of a number of analyst reports. Griffin Securities set a $2,000.00 price objective on shares of Fair Isaac in a report on Wednesday, July 9th. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their target price for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Finally, BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Two 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $2,163.14.

Fair Isaac Stock Down 3.7%

Shares of FICO traded down $53.25 during trading hours on Friday, hitting $1,383.47. The company had a trading volume of 798,467 shares, compared to its average volume of 395,901. The firm has a market cap of $33.67 billion, a price-to-earnings ratio of 54.11, a PEG ratio of 2.23 and a beta of 1.28. The business has a fifty day moving average of $1,687.81 and a 200-day moving average of $1,811.36. Fair Isaac Corporation has a 12 month low of $1,350.00 and a 12 month high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued 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. The company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm earned $6.25 earnings per share. On average, equities analysts expect 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 stock repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Activity at Fair Isaac

In related news, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the transaction, the director directly owned 242 shares in the company, 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 accessible through this link. Also, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were 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 in the company, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,829 shares of company stock worth $36,836,320. Corporate insiders own 3.46% of the company's stock.

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.