Fair Isaac Corporation (NYSE:FICO) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 72.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,007 shares of the technology company's stock after selling 2,624 shares during the quarter. Bessemer Group Inc.'s holdings in Fair Isaac were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC lifted its holdings in Fair Isaac by 1.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 403 shares of the technology company's stock valued at $802,000 after acquiring an additional 6 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in Fair Isaac by 1.0% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock worth $1,210,000 after buying an additional 6 shares during the period. City Holding Co. raised its holdings in Fair Isaac by 11.3% during the 1st quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after buying an additional 6 shares during the period. Brighton Jones LLC raised its holdings in Fair Isaac by 1.5% during the 1st quarter. Brighton Jones LLC now owns 488 shares of the technology company's stock worth $900,000 after buying an additional 7 shares during the period. Finally, Rakuten Securities Inc. raised its holdings in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after buying an additional 8 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.1%

Shares of FICO stock opened at $1,816.89 on Friday. Fair Isaac Corporation has a 12 month low of $1,454.41 and a 12 month high of $2,402.52. The business's 50 day moving average is $1,883.80 and its two-hundred day moving average is $1,885.09. The company has a market cap of $44.22 billion, a PE ratio of 78.25, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The company had revenue of $498.74 million for 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 company's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $6.14 earnings per share. As a group, equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its board has initiated a share buyback plan 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 plans are typically a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 2,956 shares of Fair Isaac stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. The trade was a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction dated 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 transaction, the executive vice president now directly owns 9,974 shares of the company's stock, valued at $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,851 shares of company stock valued at $40,543,770. 3.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on FICO shares. Barclays cut their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price objective for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Jefferies Financial Group reissued a "buy" rating and issued a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Finally, Oppenheimer increased their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $2,304.15.

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.

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