Kentucky Retirement Systems Insurance Trust Fund Buys New Holdings in Fair Isaac Corporation (NYSE:FICO)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 690 shares of the technology company's stock, valued at approximately $1,272,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FICO. GAMMA Investing LLC raised its holdings 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 acquiring an additional 258,092 shares in the last quarter. Norges Bank bought a new stake in Fair Isaac in the fourth quarter valued at approximately $442,369,000. Wealthfront Advisers LLC raised its stake in Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after buying an additional 144,266 shares during the period. Proficio Capital Partners LLC bought a new stake in Fair Isaac in the fourth quarter valued at approximately $261,610,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock valued at $321,790,000 after buying an additional 127,679 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Insider Activity at Fair Isaac

In other 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 value of $1,663,737.50. Following the completion of the transaction, the director now directly owns 242 shares of the company's stock, valued at approximately $505,175. This trade represents a 76.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $74,492,399.16. This trade represents 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 Price Performance

NYSE:FICO traded down $28.37 during trading hours on Wednesday, reaching $1,898.15. 184,998 shares of the company were exchanged, compared to its average volume of 193,400. The business has a 50 day moving average of $1,887.32 and a 200 day moving average of $1,892.44. The company has a market capitalization of $46.20 billion, a P/E ratio of 81.75, a P/E/G ratio of 3.16 and a beta of 1.29. Fair Isaac Corporation has a 1-year low of $1,443.68 and a 1-year 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. As a group, equities 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 stock buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FICO shares. Needham & Company LLC reiterated a "buy" rating and set a $2,575.00 target price on shares of Fair Isaac in a research note on Friday, June 20th. Royal Bank Of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Jefferies Financial Group reiterated a "buy" rating and set a $2,500.00 target price (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Oppenheimer increased their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their target price for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,304.15.

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.