Sumitomo Mitsui Trust Group Inc. Has $104.02 Million Position in Fair Isaac Corporation (NYSE:FICO)

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,404 shares of the technology company's stock after purchasing an additional 645 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Fair Isaac worth $104,018,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its position in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after acquiring an additional 8 shares in the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Fair Isaac in the fourth quarter valued at about $26,000. Avalon Trust Co acquired a new position in shares of Fair Isaac during the fourth quarter worth about $40,000. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the fourth quarter worth about $42,000. Finally, Colonial Trust Co SC raised its position in Fair Isaac by 71.4% in the 4th 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 during the last quarter. Institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FICO shares. Oppenheimer raised their price objective on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Bank of America initiated coverage on Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Jefferies Financial Group reissued a "buy" rating and issued a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Raymond James Financial restated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Finally, Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and an average target price of $2,304.15.

Fair Isaac Stock Down 0.4%

Shares of Fair Isaac stock traded down $7.02 on Wednesday, hitting $1,836.17. The stock had a trading volume of 88,373 shares, compared to its average volume of 194,729. The stock has a market cap of $44.69 billion, a price-to-earnings ratio of 78.82, a price-to-earnings-growth ratio of 2.99 and a beta of 1.29. Fair Isaac Corporation has a twelve month low of $1,484.29 and a twelve month high of $2,402.52. The business's 50 day moving average is $1,883.28 and its two-hundred day moving average is $1,880.33.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period in the prior year, the firm posted $6.14 EPS. The company's revenue for the quarter was up 15.0% on a year-over-year basis. As a group, 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 has approved a stock repurchase plan 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 plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $8,386,592.85. Following the completion of the sale, the executive vice president owned 9,974 shares of the company's stock, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,851 shares of company stock worth $40,543,770. 3.46% of the stock is currently owned by company insiders.

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.