Zurcher Kantonalbank Zurich Cantonalbank Buys 2,748 Shares of Fair Isaac Corporation (NYSE:FICO)

Key Points

• Zurcher Kantonalbank has increased its stake in Fair Isaac Corporation (NYSE:FICO) by 18.8% during the first quarter, acquiring a total of 17,388 shares valued at approximately $32 million.
• Fair Isaac recently reported earnings of $7.81 per share, exceeding analysts' estimates, with a revenue increase of 15% year-over-year.
• Insider selling has occurred, with CEO William J. Lansing selling 3,811 shares, reducing his ownership by nearly 8%.

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 18.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,388 shares of the technology company's stock after buying an additional 2,748 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Fair Isaac worth $32,066,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FICO. Meiji Yasuda Life Insurance Co lifted its position in shares of Fair Isaac by 1.0% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock worth $1,210,000 after acquiring an additional 6 shares in the last quarter. City Holding Co. grew its stake in shares of Fair Isaac by 11.3% during the first quarter. City Holding Co. now owns 59 shares of the technology company's stock valued at $109,000 after buying an additional 6 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Fair Isaac by 4.4% during the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after buying an additional 6 shares during the last quarter. Forum Financial Management LP grew its stake in shares of Fair Isaac by 2.2% during the first quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock valued at $507,000 after buying an additional 6 shares during the last quarter. Finally, Brighton Jones LLC grew its stake in shares of Fair Isaac by 1.5% in the first quarter. Brighton Jones LLC now owns 488 shares of the technology company's stock worth $900,000 after purchasing an additional 7 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Trading Down 9.9%

Fair Isaac stock traded down $151.28 during mid-day trading on Thursday, hitting $1,376.52. The stock had a trading volume of 452,256 shares, compared to its average volume of 255,330. The firm has a market capitalization of $33.51 billion, a P/E ratio of 59.64, a P/E/G ratio of 2.43 and a beta of 1.28. The firm's 50 day moving average is $1,699.45 and its 200 day moving average is $1,819.99. Fair Isaac Corporation has a one year low of $1,354.47 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. Fair Isaac's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.25 EPS. As a group, equities research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 3,811 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the sale, the chief executive officer owned 44,338 shares in the company, valued at $69,432,864.62. The trade was a 7.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,906 shares of company stock worth $45,222,913 in the last quarter. 3.46% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets raised Fair Isaac to a "strong-buy" rating in a research note on Thursday, July 10th. Oppenheimer lowered their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a report on Thursday. Needham & Company LLC decreased their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Bank of America began coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. Finally, Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $2,021.00 to $1,900.00 in a research 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $2,163.14.

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.