IFM Investors Pty Ltd Raises Stock Position in Fair Isaac Corporation (NYSE:FICO)

IFM Investors Pty Ltd increased its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,074 shares of the technology company's stock after buying 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 SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Rakuten Securities Inc. boosted its position in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after purchasing an additional 8 shares during the period. Pinnacle Holdings LLC bought a new position in Fair Isaac during the fourth quarter worth about $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 position in Fair Isaac during the fourth quarter worth about $42,000. Finally, Colonial Trust Co SC boosted its position in Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Performance

Fair Isaac stock traded down $181.35 during mid-day trading on Tuesday, hitting $1,688.48. 1,231,663 shares of the company traded hands, compared to its average volume of 199,739. Fair Isaac Corporation has a one year low of $1,484.29 and a one year high of $2,402.52. The stock has a market cap of $41.10 billion, a price-to-earnings ratio of 72.72, a price-to-earnings-growth ratio of 2.97 and a beta of 1.28. The stock has a fifty day moving average price of $1,876.53 and a 200-day moving average price of $1,871.96.

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

Fair Isaac declared that its Board of Directors has approved 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 repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president directly owned 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the transaction, 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. In the last quarter, insiders have sold 17,895 shares of company stock valued at $35,337,869. Insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

FICO has been the subject of a number of research reports. Oppenheimer increased their target price on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research report on Tuesday. Jefferies Financial Group reaffirmed a "buy" rating and set a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $2,575.00 price objective on shares of Fair Isaac in a research note on Friday, June 20th. 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. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $2,304.69.

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.