Envestnet Asset Management Inc. Reduces Stake in Fair Isaac Corporation (NYSE:FICO)

Envestnet Asset Management Inc. trimmed its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,530 shares of the technology company's stock after selling 3,620 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of Fair Isaac worth $72,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crew Capital Management Ltd. lifted its position in shares of Fair Isaac by 3.5% during the first quarter. Crew Capital Management Ltd. now owns 499 shares of the technology company's stock worth $920,000 after purchasing an additional 17 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Fair Isaac by 9.7% in the first quarter. IFM Investors Pty Ltd now owns 5,074 shares of the technology company's stock valued at $9,861,000 after purchasing an additional 448 shares during the last quarter. Spear Holdings RSC Ltd purchased a new position in Fair Isaac in the first quarter valued at about $39,465,000. Calamos Advisors LLC grew its stake in shares of Fair Isaac by 18.8% during the first quarter. Calamos Advisors LLC now owns 1,268 shares of the technology company's stock worth $2,338,000 after acquiring an additional 201 shares during the last quarter. Finally, Conning Inc. grew its stake in shares of Fair Isaac by 9.0% during the first quarter. Conning Inc. now owns 121 shares of the technology company's stock worth $223,000 after acquiring an additional 10 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

NYSE:FICO traded down $43.68 during trading hours on Friday, reaching $1,540.70. The company had a trading volume of 379,480 shares, compared to its average volume of 203,702. Fair Isaac Corporation has a 1-year low of $1,484.29 and a 1-year high of $2,402.52. The firm has a market cap of $37.50 billion, a PE ratio of 66.35, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. The business's 50 day moving average price is $1,845.09 and its 200-day moving average price is $1,861.59.

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

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FICO shares. Raymond James Financial restated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Griffin Securities set a $2,000.00 price target on Fair Isaac in a research note on Wednesday. BMO Capital Markets upgraded Fair Isaac to a "strong-buy" rating in a research note on Thursday. Jefferies Financial Group restated a "buy" rating and set a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Finally, Bank of America began coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $2,263.29.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,906 shares of company stock valued at $45,222,913 in the last 90 days. 3.46% of the stock is owned by company insiders.

Fair Isaac Company 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.