Fair Isaac Corporation (NYSE:FICO) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Fair Isaac Corporation by 14.8%, owning 43,596 shares worth approximately $80.4 million as of the latest SEC filing.
• Despite the increase in institutional investment, Fair Isaac's stock has recently received cuts to price targets from analysts, indicating a consensus rating of "Buy" with a price target averaging $2,163.14.
• Fair Isaac Corporation reported earnings per share of $8.57 for the last quarter, exceeding estimates and reflecting a 19.8% year-over-year revenue increase, alongside a newly approved $1 billion share buyback program.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,596 shares of the technology company's stock after purchasing an additional 5,630 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of Fair Isaac worth $80,398,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Fair Isaac during the first quarter worth $30,000. Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares in the last quarter. Mechanics Financial Corp acquired a new position in shares of Fair Isaac during the first quarter worth $46,000. Colonial Trust Co SC grew its stake in shares of Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 10 shares in the last quarter. Finally, Hollencrest Capital Management grew its stake in shares of Fair Isaac by 766.7% during the first quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock worth $48,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of NYSE:FICO traded up $8.76 on Tuesday, reaching $1,320.02. The company's stock had a trading volume of 191,450 shares, compared to its average volume of 265,241. The stock's 50-day moving average is $1,649.36 and its two-hundred day moving average is $1,788.07. Fair Isaac Corporation has a 52-week low of $1,301.01 and a 52-week high of $2,402.51. The stock has a market capitalization of $31.68 billion, a P/E ratio of 51.62, a PEG ratio of 2.57 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same period in the prior year, the company earned $6.25 earnings per share. The business's revenue was up 19.8% compared to the same quarter last year. Equities analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its board has approved a stock repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

FICO has been the subject of several research analyst reports. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a research note on Thursday, July 10th. Barclays decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Oppenheimer decreased their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price objective for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Finally, Raymond James Financial decreased their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Two research 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. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $2,163.14.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the business's 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 transaction, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 44,338 shares of the company's stock, valued at $69,432,864.62. This represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,021 shares of company stock valued at $22,247,892 over the last ninety days. 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.