Fair Isaac Corporation (NYSE:FICO) Shares Sold by LPL Financial LLC

Key Points

• LPL Financial LLC has reduced its stake in Fair Isaac Corporation by 42%, owning approximately $25.3 million worth of shares after selling nearly 10,000 shares in the first quarter.
• Fair Isaac's quarterly earnings report showed an EPS of $8.57, significantly beating analysts' expectations of $7.75, and a revenue increase of 19.8% year-over-year.
• Insiders at Fair Isaac, including the CFO and CEO, have sold a total of nearly $37 million in shares, indicating potential shifts in insider sentiment regarding the stock.

LPL Financial LLC cut its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 42.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,723 shares of the technology company's stock after selling 9,940 shares during the period. LPL Financial LLC owned 0.06% of Fair Isaac worth $25,307,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Inspire Advisors LLC grew its position in Fair Isaac by 5.8% during the 1st quarter. Inspire Advisors LLC now owns 493 shares of the technology company's stock worth $909,000 after purchasing an additional 27 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Fair Isaac by 18.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,388 shares of the technology company's stock worth $32,066,000 after purchasing an additional 2,748 shares in the last quarter. Security Financial Services INC. increased its position in shares of Fair Isaac by 12.5% during the 1st quarter. Security Financial Services INC. now owns 171 shares of the technology company's stock worth $315,000 after purchasing an additional 19 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Fair Isaac by 28.5% in the first quarter. HB Wealth Management LLC now owns 482 shares of the technology company's stock valued at $890,000 after buying an additional 107 shares during the last quarter. Finally, TD Asset Management Inc raised its position in Fair Isaac by 2.9% in the 1st quarter. TD Asset Management Inc now owns 68,048 shares of the technology company's stock worth $125,491,000 after purchasing an additional 1,892 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Shares of NYSE FICO traded down $47.36 during midday trading on Thursday, hitting $1,346.25. 187,662 shares of the company's stock traded hands, compared to its average volume of 264,122. The stock has a market capitalization of $32.31 billion, a price-to-earnings ratio of 52.68, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28. The firm has a fifty day moving average of $1,673.40 and a 200 day moving average of $1,800.41. Fair Isaac Corporation has a 1 year low of $1,336.03 and a 1 year high of $2,402.51.

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

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

Insider Activity at Fair Isaac

In related news, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Steven P. Weber sold 1,000 shares of the 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 transaction of $1,738,250.00. Following the transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. 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 owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FICO shares. Bank of America initiated coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Needham & Company LLC dropped their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Wells Fargo & Company decreased their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Finally, Barclays decreased their price objective on 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. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $2,163.14.

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.