Fair Isaac Corporation (NYSE:FICO) Shares Sold by Forsta AP Fonden

Key Points

• Forsta AP Fonden reduced its stake in Fair Isaac Corporation by 3.0%, holding 6,400 shares valued at approximately $11.8 million.
• GAMMA Investing LLC significantly increased its holdings in Fair Isaac by 286,768.9%, now owning 258,182 shares worth $476.1 million, while other institutions like Millennium Management and Vanguard also boosted their positions.
• Fair Isaac's latest earnings showed an EPS of $8.57, exceeding estimates, with quarterly revenue of $536.42 million, reflecting a 19.8% increase compared to last year.

Forsta AP Fonden trimmed its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,400 shares of the technology company's stock after selling 200 shares during the period. Forsta AP Fonden's holdings in Fair Isaac were worth $11,803,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Fair Isaac by 286,768.9% in the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after purchasing an additional 258,092 shares in the last quarter. Millennium Management LLC increased its holdings in Fair Isaac by 663.1% in the 4th quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock valued at $215,715,000 after purchasing an additional 94,150 shares in the last quarter. Vanguard Group Inc. increased its holdings in Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after purchasing an additional 58,740 shares in the last quarter. Northern Trust Corp increased its holdings in Fair Isaac by 20.1% in the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock valued at $506,096,000 after purchasing an additional 42,588 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Fair Isaac by 68.8% in the 4th quarter. AQR Capital Management LLC now owns 83,658 shares of the technology company's stock valued at $166,557,000 after purchasing an additional 34,104 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,319.28 on Friday. Fair Isaac Corporation has a one year low of $1,313.69 and a one year high of $2,402.51. The company's 50-day simple moving average is $1,658.17 and its 200-day simple moving average is $1,792.59. The stock has a market capitalization of $31.66 billion, a price-to-earnings ratio of 51.59, a PEG ratio of 2.60 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same quarter last year, the company posted $6.25 earnings per share. The company's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 19,032 shares of company stock worth $35,172,583 in the last three months. 3.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Raymond James Financial decreased their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Wells Fargo & Company decreased 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 report on Wednesday, July 9th. Needham & Company LLC decreased 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. Finally, Barclays decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $2,163.14.

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.

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