Fair Isaac Corporation (NYSE:FICO) Shares Bought by KBC Group NV

KBC Group NV lifted its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 80.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,080 shares of the technology company's stock after buying an additional 6,742 shares during the quarter. KBC Group NV owned approximately 0.06% of Fair Isaac worth $27,810,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Rakuten Securities Inc. increased its position in shares of Fair Isaac by 160.0% in the 4th 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 during the fourth quarter worth $26,000. Avalon Trust Co acquired a new stake in Fair Isaac in the fourth quarter valued at $40,000. OFI Invest Asset Management acquired a new stake in Fair Isaac during the fourth quarter worth approximately $42,000. Finally, Colonial Trust Co SC lifted its position in 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 acquiring an additional 10 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the 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 sale, the executive vice president directly owned 9,974 shares of the company's stock, valued at $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction on 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 sale, the chief executive officer owned 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. In the last 90 days, insiders sold 20,851 shares of company stock worth $40,543,770. Company insiders own 3.46% of the company's stock.

Analysts Set New Price Targets

FICO has been the subject of several research reports. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Needham & Company LLC reissued a "buy" rating and set a $2,575.00 price target on shares of Fair Isaac in a report on Friday, June 20th. Oppenheimer boosted their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,304.15.

Fair Isaac Stock Performance

Shares of FICO stock traded up $12.75 during trading hours on Friday, hitting $1,855.53. 88,775 shares of the company were exchanged, compared to its average volume of 194,752. The stock has a market capitalization of $45.16 billion, a price-to-earnings ratio of 79.91, a P/E/G ratio of 2.95 and a beta of 1.28. Fair Isaac Corporation has a one year low of $1,484.29 and a one year high of $2,402.52. The business's 50-day simple moving average is $1,879.96 and its two-hundred day simple moving average is $1,877.88.

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

Fair Isaac announced that its Board of Directors has approved a stock repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.