Alpha Cubed Investments LLC Increases Stock Holdings in Fair Isaac Corporation (NYSE:FICO)

Alpha Cubed Investments LLC raised its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 313.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,955 shares of the technology company's stock after buying an additional 1,482 shares during the quarter. Alpha Cubed Investments LLC's holdings in Fair Isaac were worth $3,605,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FICO. Brighton Jones LLC raised its stake in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Fair Isaac by 94.1% during the fourth quarter. Jones Financial Companies Lllp now owns 132 shares of the technology company's stock valued at $263,000 after purchasing an additional 64 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Fair Isaac by 33.3% during the fourth quarter. Assetmark Inc. now owns 104 shares of the technology company's stock valued at $207,000 after purchasing an additional 26 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Fair Isaac during the 4th quarter valued at $261,610,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Fair Isaac during the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction that occurred on 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 $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 available through this link. Also, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction that occurred on 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. This represents a 34.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,895 shares of company stock valued at $35,337,869. Insiders own 3.46% of the company's stock.

Fair Isaac Trading Down 0.3%

Fair Isaac stock traded down $5.18 during midday trading on Thursday, hitting $1,586.55. The stock had a trading volume of 566,236 shares, compared to its average volume of 202,748. The firm's fifty day moving average is $1,863.71 and its two-hundred day moving average is $1,868.89. The company has a market capitalization of $38.62 billion, a PE ratio of 68.33, a P/E/G ratio of 2.73 and a beta of 1.28. Fair Isaac Corporation has a 52-week low of $1,484.29 and a 52-week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same quarter last year, the business posted $6.14 earnings per share. The firm's revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts predict 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 repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the company an "outperform" rating in a research note on Tuesday. Bank of America began coverage on 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. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price target for the company from $2,021.00 to $1,900.00 in a research report 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 report on Friday, June 20th. Finally, Barclays reduced their price target 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. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus target price of $2,283.54.

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.