Fair Isaac Corporation (NYSE:FICO) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 28.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,619 shares of the technology company's stock after acquiring an additional 355 shares during the period. Exchange Traded Concepts LLC's holdings in Fair Isaac were worth $2,986,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FICO. Vanguard Group Inc. lifted its position in shares of Fair Isaac by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock worth $5,781,051,000 after purchasing an additional 22,178 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Fair Isaac by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock worth $1,351,073,000 after buying an additional 5,371 shares during the period. Geode Capital Management LLC lifted its holdings in Fair Isaac by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock worth $1,318,630,000 after buying an additional 17,656 shares in the last quarter. GAMMA Investing LLC boosted its position in Fair Isaac by 286,768.9% in the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after buying an additional 258,092 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Fair Isaac by 20.1% during the fourth quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock valued at $506,096,000 after acquiring an additional 42,588 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Up 2.5%

Fair Isaac stock traded up $43.82 during mid-day trading on Friday, reaching $1,807.46. The company's stock had a trading volume of 151,636 shares, compared to its average volume of 192,878. The firm has a market cap of $43.99 billion, a price-to-earnings ratio of 77.89, a PEG ratio of 2.89 and a beta of 1.29. Fair Isaac Corporation has a twelve month low of $1,401.67 and a twelve month high of $2,402.52. The business has a 50 day moving average price of $1,890.15 and a 200-day moving average price of $1,905.88.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The business had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The company's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $6.14 EPS. On average, equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a share buyback plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FICO shares. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Jefferies Financial Group restated a "buy" rating and issued a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Finally, Royal Bank Of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and a consensus target price of $2,304.15.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 592 shares of Fair Isaac stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $91,453,786.92. This trade represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the business'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 transaction, the chief financial officer now directly owns 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,851 shares of company stock worth $40,543,770 over the last ninety days. Company insiders own 3.46% of the company's stock.

Fair Isaac Company 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.