Fair Isaac Corporation (NYSE:FICO) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC reduced its holdings in Fair Isaac Corporation by 9.6%, owning 1,903 shares valued at approximately $3.5 million as of the latest SEC filing.
• Fair Isaac's stock is currently at $1,342.35, having a market capitalization of $32.22 billion and reported $8.57 EPS in its latest earnings, surpassing analysts' expectations.
• Insiders sold 19,829 shares worth over $36 million in the last 90 days, with significant sales by the Director and CFO witnessing substantial decreases in their ownership percentages.

New Age Alpha Advisors LLC lessened its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 9.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,903 shares of the technology company's stock after selling 202 shares during the period. New Age Alpha Advisors LLC's holdings in Fair Isaac were worth $3,509,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FICO. GAMMA Investing LLC lifted its position in shares of 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. Millennium Management LLC boosted its stake in Fair Isaac by 663.1% during the 4th quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock worth $215,715,000 after purchasing an additional 94,150 shares during the period. Northern Trust Corp boosted its stake 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 purchasing an additional 42,588 shares during the period. AQR Capital Management LLC boosted its stake in Fair Isaac by 68.8% during the 4th quarter. AQR Capital Management LLC now owns 83,658 shares of the technology company's stock worth $166,557,000 after purchasing an additional 34,104 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in Fair Isaac during the 4th quarter worth $66,718,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FICO. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Raymond James Financial decreased their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price target for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective for the company. Finally, Oppenheimer cut their price objective on shares of 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. Two 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. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $2,163.14.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 3,811 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 44,338 shares of the company's stock, valued at approximately $69,432,864.62. This represents a 7.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction dated Monday, June 9th. The shares were 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 approximately $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,032 shares of company stock worth $35,172,583. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Trading Down 1.1%

Shares of NYSE:FICO traded down $14.34 on Friday, reaching $1,319.28. 308,597 shares of the company were exchanged, compared to its average volume of 371,043. Fair Isaac Corporation has a 1-year low of $1,313.69 and a 1-year high of $2,402.51. The firm has a market cap of $31.66 billion, a price-to-earnings ratio of 51.59, a price-to-earnings-growth ratio of 2.60 and a beta of 1.28. The company has a 50-day moving average of $1,658.17 and a 200-day moving average of $1,792.59.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company posted $6.25 EPS. The business's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Fair Isaac 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.