Blair William & Co. IL Reduces Holdings in Fair Isaac Corporation (NYSE:FICO)

Key Points

• Blair William & Co. IL reduced its holdings in Fair Isaac Corporation (NYSE:FICO) by 11.9%, now owning 2,501 shares valued at $4.61 million after selling 338 shares in the first quarter.
• Fair Isaac's recent quarterly earnings showed an EPS of $8.57, surpassing analyst expectations of $7.75, with a year-over-year revenue increase of 19.8% to $536.42 million.
• Several brokerages have assigned a "buy" rating for Fair Isaac, with Bank of America setting a price target of $2,800 per share, while the stock has an average target of $2,163.14.

Blair William & Co. IL lowered its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 11.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,501 shares of the technology company's stock after selling 338 shares during the period. Blair William & Co. IL's holdings in Fair Isaac were worth $4,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FICO. Principal Financial Group Inc. lifted its position in Fair Isaac by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after acquiring an additional 26,811 shares during the period. GAMMA Investing LLC raised its position in Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after buying an additional 258,092 shares during the last quarter. Northern Trust Corp raised its position in Fair Isaac by 20.1% during the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock worth $506,096,000 after buying an additional 42,588 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Fair Isaac by 6.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 244,262 shares of the technology company's stock worth $486,309,000 after acquiring an additional 15,210 shares during the period. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Fair Isaac by 7.2% in the first quarter. AustralianSuper Pty Ltd now owns 110,314 shares of the technology company's stock valued at $203,437,000 after acquiring an additional 7,456 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on FICO. Needham & Company LLC reduced 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. Oppenheimer reduced their target price on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Bank of America initiated coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Finally, Raymond James Financial dropped their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $2,163.14.

Fair Isaac Stock Down 1.1%

Shares of FICO traded down $14.34 on Friday, hitting $1,319.28. 308,597 shares of the stock traded hands, compared to its average volume of 265,750. The firm has a market capitalization of $31.66 billion, a P/E ratio of 51.59, a P/E/G ratio of 2.71 and a beta of 1.28. Fair Isaac Corporation has a 1 year low of $1,313.69 and a 1 year high of $2,402.51. The stock's 50 day moving average is $1,666.39 and its two-hundred day moving average is $1,796.55.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 48.88% and a net margin of 32.80%. The business had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the previous year, the business earned $6.25 earnings per share. The business's revenue for the quarter was up 19.8% on a year-over-year basis. Research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has initiated a share repurchase plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction 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 sale, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. This represents a 34.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction 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 transaction, the chief executive officer owned 44,338 shares in the company, valued at $69,432,864.62. The trade was a 7.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,032 shares of company stock valued at $35,172,583. 3.46% of the stock is owned by insiders.

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.