Fair Isaac Corporation (NYSE:FICO) Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Fair Isaac Corporation by 4.3% during the first quarter, owning 107,307 shares worth approximately $197.89 million.
• Analyst ratings for Fair Isaac show a consensus of "Buy" with a price target averaging $2,163.14, despite recent target reductions from various firms.
• Company insiders, including the CFO and CEO, have sold significant shares recently, indicating a 34.94% and 12.48% decrease in their respective holdings.

Deutsche Bank AG increased its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,307 shares of the technology company's stock after purchasing an additional 4,398 shares during the quarter. Deutsche Bank AG owned 0.44% of Fair Isaac worth $197,891,000 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 about $2,540,000. CWA Asset Management Group LLC boosted its position in shares of Fair Isaac by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after acquiring an additional 19 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after acquiring an additional 17 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position 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 in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FICO has been the subject of several analyst reports. Oppenheimer lowered their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Needham & Company LLC decreased their target price on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Griffin Securities set a $2,000.00 target price on Fair Isaac in a research report on Wednesday, July 9th. Raymond James Financial decreased their target price on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, BMO Capital Markets raised Fair Isaac to a "strong-buy" rating in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $2,163.14.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was 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 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $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 three months, insiders have sold 19,032 shares of company stock valued at $35,172,583. Company insiders own 3.46% of the company's stock.

Fair Isaac Stock Down 1.1%

FICO opened at $1,319.28 on Friday. The business has a 50 day moving average price of $1,658.17 and a two-hundred day moving average price of $1,792.59. The company has a market cap of $31.66 billion, a PE ratio of 51.59, a P/E/G ratio of 2.60 and a beta of 1.28. Fair Isaac Corporation has a 52 week low of $1,313.69 and a 52 week high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. The firm had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The firm's revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business earned $6.25 EPS. As a group, sell-side 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 initiated a share repurchase program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.

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.

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