Fair Isaac Corporation (NYSE:FICO) Shares Sold by Jennison Associates LLC

Jennison Associates LLC cut its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 54.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,546 shares of the technology company's stock after selling 137,736 shares during the quarter. Jennison Associates LLC owned about 0.48% of Fair Isaac worth $214,930,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meiji Yasuda Life Insurance Co increased its position in Fair Isaac by 1.0% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock valued at $1,210,000 after acquiring an additional 6 shares during the period. City Holding Co. grew its stake in shares of Fair Isaac by 11.3% in the 1st quarter. City Holding Co. now owns 59 shares of the technology company's stock valued at $109,000 after purchasing an additional 6 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Fair Isaac by 4.4% in the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after purchasing an additional 6 shares during the period. Forum Financial Management LP raised its stake in shares of 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 last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Fair Isaac by 1.5% during the first quarter. Brighton Jones LLC now owns 488 shares of the technology company's stock worth $900,000 after purchasing an additional 7 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FICO. BMO Capital Markets raised shares of Fair Isaac to a "strong-buy" rating in a research note on Thursday, July 10th. Barclays cut their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Griffin Securities set a $2,000.00 target price on Fair Isaac in a research note on Wednesday, July 9th. Finally, Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, ten have assigned 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 $2,218.64.

Fair Isaac Trading Up 1.0%

Shares of NYSE:FICO traded up $15.36 during midday trading on Friday, hitting $1,540.65. 190,013 shares of the stock were exchanged, compared to its average volume of 208,422. The stock has a market cap of $37.50 billion, a P/E ratio of 66.35, a PEG ratio of 2.46 and a beta of 1.28. Fair Isaac Corporation has a twelve month low of $1,477.12 and a twelve month high of $2,402.52. The company has a 50 day moving average price of $1,789.28 and a 200-day moving average price of $1,843.97.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The business had revenue of $498.74 million for 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 company's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $6.14 earnings per share. On average, equities research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the transaction, 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 is accessible through this link. Also, Director Marc F. Mcmorris sold 797 shares of the firm's 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 sale, the director owned 242 shares in the company, valued at $505,175. This trade represents a 76.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,906 shares of company stock worth $45,222,913. 3.46% of the stock is currently owned by corporate 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.