Main Street Research LLC Sells 191 Shares of Fair Isaac Corporation (NYSE:FICO)

Main Street Research LLC lessened its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,913 shares of the technology company's stock after selling 191 shares during the quarter. Main Street Research LLC's holdings in Fair Isaac were worth $5,372,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. boosted its holdings in shares of Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC bought a new stake in Fair Isaac during the fourth quarter worth $26,000. Avalon Trust Co bought a new position in Fair Isaac during the fourth quarter worth about $40,000. OFI Invest Asset Management bought a new stake in Fair Isaac in the 4th quarter valued at $42,000. Finally, Colonial Trust Co SC lifted its stake in shares of Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after buying an additional 10 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on FICO shares. Barclays decreased their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research note on Wednesday. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $2,575.00 price target on shares of Fair Isaac in a research note on Friday, June 20th. BMO Capital Markets assumed coverage on shares of Fair Isaac in a research report on Wednesday. They set an "outperform" rating for the company. Finally, Oppenheimer upped their target price on Fair Isaac from $2,293.00 to $2,300.00 and gave the company an "outperform" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus price target of $2,262.38.

Fair Isaac Price Performance

Shares of NYSE FICO traded down $108.57 during trading on Wednesday, reaching $1,594.60. 665,020 shares of the stock traded hands, compared to its average volume of 201,294. Fair Isaac Corporation has a 52-week low of $1,484.29 and a 52-week high of $2,402.52. The company has a 50-day moving average of $1,871.63 and a 200-day moving average of $1,870.80. The stock has a market capitalization of $38.81 billion, a P/E ratio of 68.67, a price-to-earnings-growth ratio of 2.73 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The company had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same period last year, the business earned $6.14 earnings per share. Fair Isaac's revenue was up 15.0% compared to the same quarter last year. Analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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

Insider Transactions at Fair Isaac

In other news, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the sale, the director directly owned 242 shares in the company, valued at approximately $505,175. The trade was a 76.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the business'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 completion of the sale, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. This trade represents a 12.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,895 shares of company stock worth $35,337,869. Company insiders own 3.46% of the company's stock.

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.