Gulf International Bank UK Ltd Cuts Position in Fair Isaac Corporation (NYSE:FICO)

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Fair Isaac Corporation (NYSE:FICO) by 26.5%, ending the quarter with 1,438 shares valued at $2.65 million.
• Fair Isaac's CFO and CEO both sold shares this summer, with the CFO's sale resulting in a 34.94% decrease in his ownership and the CEO's a 7.92% decrease.
• The company's stock is generally rated as a "Buy" by analysts, with a current price target consensus of $2,163.14, despite some recent price target reductions from various firms.

Gulf International Bank UK Ltd lessened its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 26.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,438 shares of the technology company's stock after selling 518 shares during the quarter. Gulf International Bank UK Ltd's holdings in Fair Isaac were worth $2,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nebula Research & Development LLC bought a new stake in Fair Isaac during the 4th quarter valued at $2,540,000. CWA Asset Management Group LLC boosted its position in shares of Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after purchasing an additional 19 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Fair Isaac by 4.5% in the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after purchasing an additional 17 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Price Performance

FICO traded up $23.82 on Friday, reaching $1,342.00. 217,775 shares of the stock were exchanged, compared to its average volume of 349,362. The company's 50-day moving average price is $1,614.82 and its 200 day moving average price is $1,773.97. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The firm has a market capitalization of $32.21 billion, a PE ratio of 52.48, a PEG ratio of 2.62 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 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 company had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the previous year, the firm posted $6.25 EPS. The firm's revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has authorized a share buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $74,492,399.16. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the transaction, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,021 shares of company stock valued at $22,247,892 in the last quarter. Company insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on 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 lowered their price objective on 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. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Oppenheimer lowered their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, Raymond James Financial lowered their price objective on 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. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $2,163.14.

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.