Fair Isaac Corporation (NYSE:FICO) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,944 shares of the technology company's stock after purchasing an additional 914 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Fair Isaac worth $23,871,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Fair Isaac by 286,768.9% in the first 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 in the last quarter. Norges Bank bought a new stake in Fair Isaac during the fourth quarter valued at about $442,369,000. Wealthfront Advisers LLC increased its position in shares of Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock worth $292,728,000 after purchasing an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Fair Isaac in the fourth quarter worth $261,610,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Fair Isaac by 376.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after purchasing an additional 127,679 shares during the period. Institutional investors own 85.75% of the company's stock.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $1,738,250.00. Following the transaction, the chief financial officer now directly owns 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,851 shares of company stock valued at $40,543,770 in the last ninety days. Insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

FICO has been the topic of several research analyst reports. Bank of America assumed coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Oppenheimer boosted their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $2,575.00 target price on shares of Fair Isaac in a report on Friday, June 20th. Two equities research 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $2,304.15.

Fair Isaac Price Performance

Shares of FICO traded up $1.05 during mid-day trading on Friday, reaching $1,816.89. The company's stock had a trading volume of 446,006 shares, compared to its average volume of 194,975. The company's 50 day moving average is $1,885.60 and its 200 day moving average is $1,889.64. The stock has a market cap of $44.22 billion, a PE ratio of 78.25, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29. Fair Isaac Corporation has a 12-month low of $1,454.41 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The company's revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm posted $6.14 EPS. As a group, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its board has authorized a stock buyback plan on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is 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.