IFM Investors Pty Ltd Acquires 448 Shares of Fair Isaac Corporation (NYSE:FICO)

IFM Investors Pty Ltd increased its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 9.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,074 shares of the technology company's stock after purchasing an additional 448 shares during the period. IFM Investors Pty Ltd's holdings in Fair Isaac were worth $9,861,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spear Holdings RSC Ltd acquired a new position in Fair Isaac during the first quarter valued at approximately $39,465,000. Calamos Advisors LLC boosted its stake in Fair Isaac by 18.8% in the first quarter. Calamos Advisors LLC now owns 1,268 shares of the technology company's stock valued at $2,338,000 after buying an additional 201 shares in the last quarter. Conning Inc. grew its position in Fair Isaac by 9.0% in the first quarter. Conning Inc. now owns 121 shares of the technology company's stock valued at $223,000 after acquiring an additional 10 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Fair Isaac by 29.5% during the first quarter. Checchi Capital Advisers LLC now owns 180 shares of the technology company's stock worth $332,000 after acquiring an additional 41 shares in the last quarter. Finally, North Capital Inc. bought a new position in shares of Fair Isaac in the first quarter worth about $92,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Stock Up 0.7%

Fair Isaac stock traded up $12.75 during trading hours on Friday, reaching $1,855.53. 88,775 shares of the company's stock were exchanged, compared to its average volume of 195,098. The firm's 50 day simple moving average is $1,878.01 and its 200 day simple moving average is $1,873.52. Fair Isaac Corporation has a twelve month low of $1,484.29 and a twelve month high of $2,402.52. The firm has a market capitalization of $45.16 billion, a PE ratio of 79.91, a PEG ratio of 2.97 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $7.81 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 business had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same quarter last year, the firm posted $6.14 earnings per share. The firm's revenue was up 15.0% on a year-over-year basis. Analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has approved a stock buyback plan on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to buy up to 2.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity at Fair Isaac

In other news, 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marc F. Mcmorris sold 797 shares of the firm's stock in a transaction dated 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 owned 242 shares of the company's stock, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,851 shares of company stock worth $40,543,770. 3.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FICO shares. Bank of America initiated coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target for the company. Raymond James Financial reiterated an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Needham & Company LLC reiterated a "buy" rating and issued a $2,575.00 price objective on shares of Fair Isaac in a report on Friday, June 20th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and an average target price of $2,304.15.

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.