Jag Capital Management LLC Has $9.80 Million Holdings in Fair Isaac Corporation (NYSE:FICO)

Jag Capital Management LLC lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 28.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,316 shares of the technology company's stock after selling 2,081 shares during the quarter. Fair Isaac makes up approximately 1.3% of Jag Capital Management LLC's investment portfolio, making the stock its 23rd largest position. Jag Capital Management LLC's holdings in Fair Isaac were worth $9,804,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America assumed coverage on 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. Raymond James Financial reissued an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Needham & Company LLC reissued a "buy" rating and set a $2,575.00 price target on shares of Fair Isaac in a research report on Friday, June 20th. Oppenheimer increased their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Jefferies Financial Group reissued a "buy" rating and set 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 analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,304.15.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the transaction, the director now directly owns 242 shares of the company's stock, valued at approximately $505,175. The trade was a 76.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,851 shares of company stock valued at $40,543,770 in the last 90 days. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,816.89 on Friday. The stock's fifty day moving average price is $1,883.80 and its two-hundred day moving average price is $1,887.21. The company has a market cap of $44.22 billion, a PE ratio of 78.25, a P/E/G ratio of 2.98 and a beta of 1.29. Fair Isaac Corporation has a fifty-two week low of $1,454.41 and a fifty-two week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share 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 negative return on equity of 51.41% and a net margin of 31.36%. The company's revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $6.14 EPS. On average, equities analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a stock buyback program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

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.

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