Jefferies Financial Group Inc. Increases Stock Holdings in Fair Isaac Corporation (NYSE:FICO)

Key Points

• Jefferies Financial Group Inc. increased its position in Fair Isaac Corporation by 474.7% during the first quarter, owning shares valued at approximately $3.69 million.
• Fair Isaac's latest earnings report showed a net income of $8.57 per share, surpassing expectations and reflecting a 19.8% increase in revenue year-over-year.
• Analysts have varying opinions on Fair Isaac, with a consensus rating of "Buy" and an average price target of $2,163.14.

Jefferies Financial Group Inc. increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 474.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,000 shares of the technology company's stock after purchasing an additional 1,652 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Fair Isaac were worth $3,688,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in FICO. Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after purchasing an additional 5 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its stake in Fair Isaac by 1.0% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock worth $1,210,000 after purchasing an additional 6 shares during the period. City Holding Co. increased its stake in Fair Isaac by 11.3% during the first quarter. City Holding Co. now owns 59 shares of the technology company's stock worth $109,000 after purchasing an additional 6 shares during the period. Valeo Financial Advisors LLC increased its stake in Fair Isaac by 4.4% during the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock worth $262,000 after purchasing an additional 6 shares during the period. Finally, Forum Financial Management LP increased its stake in Fair Isaac by 2.2% during the first quarter. Forum Financial Management LP now owns 275 shares of the technology company's stock worth $507,000 after purchasing an additional 6 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on FICO. Oppenheimer reduced 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 report on Thursday, July 31st. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price target for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Wells Fargo & Company reduced their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Needham & Company LLC reduced 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 report on Wednesday, July 16th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $2,163.14.

Fair Isaac Trading Down 0.4%

Shares of Fair Isaac stock traded down $5.27 during trading hours on Thursday, hitting $1,388.34. 25,544 shares of the company were exchanged, compared to its average volume of 263,053. Fair Isaac Corporation has a 1 year low of $1,336.03 and a 1 year high of $2,402.51. The business has a 50-day moving average of $1,673.40 and a 200-day moving average of $1,800.41. The stock has a market capitalization of $33.32 billion, a price-to-earnings ratio of 54.25, a P/E/G ratio of 2.62 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The business had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the prior year, the business earned $6.25 earnings per share. The company's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has authorized a share buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the transaction, the director directly 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. Insiders sold 19,829 shares of company stock valued at $36,836,320 in the last three months. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Company 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.