Fair Isaac Corporation (NYSE:FICO) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB publ increased its stake in Fair Isaac Corporation by 1.7%, owning 0.06% of the company valued at approximately $28.2 million as of its latest SEC filing.
• Analysts are bullish on Fair Isaac, with several firms upgrading the stock to a "strong-buy" rating, resulting in a consensus rating of "Buy" and a target price of $2,218.64.
• Executive vice president Thomas A. Bowers sold over 4,000 shares of Fair Isaac, representing a 29.02% decrease in his position, while the company initiated a stock buyback program worth $1 billion.

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,301 shares of the technology company's stock after buying an additional 251 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.06% of Fair Isaac worth $28,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FICO. Pinnacle Holdings LLC bought a new position in shares of Fair Isaac in the fourth quarter valued at approximately $26,000. Mechanics Financial Corp bought a new position in Fair Isaac during the first quarter valued at approximately $46,000. Colonial Trust Co SC lifted its position in shares of Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after buying an additional 10 shares during the last quarter. Hollencrest Capital Management grew its stake in Fair Isaac by 766.7% in the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after buying an additional 23 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in Fair Isaac by 600.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock worth $56,000 after buying an additional 24 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FICO. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. BMO Capital Markets upgraded Fair Isaac to a "strong-buy" rating in a research report on Thursday, July 10th. Needham & Company LLC lowered 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 research report on Wednesday, July 16th. Wells Fargo & Company decreased their price objective on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $2,218.64.

Insider Buying and Selling at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president owned 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William J. Lansing sold 3,811 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the sale, the chief executive officer directly owned 44,338 shares in the company, valued at approximately $69,432,864.62. This represents a 7.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,906 shares of company stock worth $45,222,913. 3.46% of the stock is owned by company insiders.

Fair Isaac Stock Performance

NYSE FICO opened at $1,531.39 on Friday. Fair Isaac Corporation has a one year low of $1,477.11 and a one year high of $2,402.51. The company has a market capitalization of $37.27 billion, a price-to-earnings ratio of 65.95, a PEG ratio of 2.48 and a beta of 1.28. The stock has a 50-day moving average of $1,727.13 and a 200 day moving average of $1,828.87.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.14 earnings per share. On average, equities analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a stock buyback program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

About Fair Isaac

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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