Fair Isaac Corporation (NYSE:FICO) Stock Position Raised by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,901 shares of the technology company's stock after purchasing an additional 334 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Fair Isaac were worth $12,726,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of FICO. Pinnacle Holdings LLC bought a new position in Fair Isaac during the fourth quarter valued at about $26,000. Avalon Trust Co bought a new position in Fair Isaac during the fourth quarter valued at about $40,000. Colonial Trust Co SC boosted its stake in Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in Fair Isaac by 600.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock valued at $56,000 after buying an additional 24 shares in the last quarter. Finally, Washington Trust Advisors Inc. boosted its stake in Fair Isaac by 69.2% during the first quarter. Washington Trust Advisors Inc. now owns 44 shares of the technology company's stock valued at $81,000 after buying an additional 18 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Insiders Place Their Bets

In related news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 23,906 shares of company stock valued at $45,222,913 in the last 90 days. Insiders own 3.46% of the company's stock.

Fair Isaac Price Performance

Fair Isaac stock traded up $27.17 during mid-day trading on Wednesday, hitting $1,534.32. The company's stock had a trading volume of 450,167 shares, compared to its average volume of 207,909. The firm's 50 day moving average is $1,811.92 and its 200 day moving average is $1,850.43. The company has a market cap of $37.35 billion, a PE ratio of 66.08, a price-to-earnings-growth ratio of 2.42 and a beta of 1.28. Fair Isaac Corporation has a 52-week low of $1,477.12 and a 52-week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The business's revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $6.14 EPS. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase program on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on 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. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Griffin Securities set a $2,000.00 price target on Fair Isaac in a research report on Wednesday, July 9th. Raymond James Financial reiterated an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Finally, Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price target for the company 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 given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $2,218.64.

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.