Highland Capital Management LLC Has $1.77 Million Stock Position in Fair Isaac Corporation (NYSE:FICO)

Highland Capital Management LLC lifted its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 31.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 959 shares of the technology company's stock after buying an additional 231 shares during the period. Highland Capital Management LLC's holdings in Fair Isaac were worth $1,769,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Rakuten Securities Inc. increased its holdings in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after purchasing an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in Fair Isaac in the 4th quarter worth about $26,000. Avalon Trust Co acquired a new position in Fair Isaac in the 4th quarter worth about $40,000. OFI Invest Asset Management acquired a new position in Fair Isaac in the 4th quarter worth about $42,000. Finally, Colonial Trust Co SC increased its holdings in Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FICO shares. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Needham & Company LLC reiterated a "buy" rating and issued a $2,575.00 price target on shares of Fair Isaac in a research report on Friday, June 20th. Bank of America began coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target on the stock. Oppenheimer upped their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,304.15.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the transaction, the executive vice president now owns 9,974 shares in the company, valued at approximately $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 2,956 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $74,210,495.94. The trade was a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,851 shares of company stock worth $40,543,770 in the last 90 days. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,816.89 on Friday. Fair Isaac Corporation has a one year low of $1,454.41 and a one year high of $2,402.52. The stock's 50-day moving average is $1,883.80 and its 200 day moving average is $1,885.09. The firm has a market cap of $44.22 billion, a price-to-earnings ratio of 78.25, a PEG ratio of 2.98 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating 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 company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the prior year, the company earned $6.14 EPS. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a stock repurchase program 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 programs are usually an indication that the company's board 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.

Want to see what other hedge funds are holding FICO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fair Isaac Corporation (NYSE:FICO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.