Fair Isaac Corporation (NYSE:FICO) Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stock holdings in Fair Isaac Corporation by 17.5%, selling 39,469 shares during the first quarter, leaving it with 185,756 shares valued at approximately $342.6 million.
• Fair Isaac announced a share repurchase plan authorizing the buyback of $1 billion in shares, indicating a belief that the stock may be undervalued.
• The company reported earnings of $8.57 EPS for the last quarter, exceeding estimates, with revenue growth of 19.8% year-over-year.

Invesco Ltd. trimmed its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 17.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 185,756 shares of the technology company's stock after selling 39,469 shares during the quarter. Invesco Ltd. owned approximately 0.76% of Fair Isaac worth $342,564,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. GAMMA Investing LLC boosted its stake in Fair Isaac by 286,768.9% during 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 during the last quarter. Millennium Management LLC lifted its stake in shares of Fair Isaac by 663.1% in the 4th quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock valued at $215,715,000 after purchasing an additional 94,150 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Fair Isaac by 20.1% in the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock valued at $506,096,000 after purchasing an additional 42,588 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Fair Isaac by 68.8% in the 4th quarter. AQR Capital Management LLC now owns 83,658 shares of the technology company's stock valued at $166,557,000 after purchasing an additional 34,104 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Transactions 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 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 owned 1,862 shares in the company, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,021 shares of company stock worth $22,247,892. Company insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

FICO has been the topic of several recent analyst reports. Needham & Company LLC decreased their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Griffin Securities set a $2,000.00 price target on Fair Isaac in a research note on Wednesday, July 9th. Oppenheimer decreased their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Barclays cut their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Finally, BMO Capital Markets upgraded Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $2,163.14.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded down $16.96 during trading hours on Thursday, reaching $1,318.33. The stock had a trading volume of 461,095 shares, compared to its average volume of 267,919. The stock has a market capitalization of $31.64 billion, a price-to-earnings ratio of 51.56, a P/E/G ratio of 2.57 and a beta of 1.28. The firm's 50 day moving average is $1,632.49 and its 200-day moving average is $1,781.71. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. Fair Isaac's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.25 earnings per share. Analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has approved a share repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board 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.