Mirae Asset Global Investments Co. Ltd. Grows Holdings in Fair Isaac Corporation (NYSE:FICO)

Mirae Asset Global Investments Co. Ltd. boosted its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,433 shares of the technology company's stock after acquiring an additional 1,296 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Fair Isaac were worth $9,991,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC boosted its stake in Fair Isaac by 1.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 403 shares of the technology company's stock valued at $802,000 after purchasing an additional 6 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its holdings 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 buying an additional 6 shares in the last quarter. City Holding Co. raised its position in 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 buying an additional 6 shares during the last quarter. Brighton Jones LLC boosted its holdings in Fair Isaac by 1.5% during the 1st quarter. Brighton Jones LLC now owns 488 shares of the technology company's stock worth $900,000 after acquiring an additional 7 shares during the last quarter. Finally, PDS Planning Inc boosted its holdings in Fair Isaac by 6.1% during the 1st quarter. PDS Planning Inc now owns 121 shares of the technology company's stock worth $223,000 after acquiring an additional 7 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FICO. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their target price for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Bank of America started coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. Oppenheimer upped their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $2,575.00 price target on shares of Fair Isaac in a report on Friday, June 20th. 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 equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $2,304.15.

Fair Isaac Trading Up 0.7%

Shares of FICO stock traded up $12.75 during trading on Friday, reaching $1,855.53. 88,775 shares of the company's stock traded hands, compared to its average volume of 194,752. The firm's 50-day moving average is $1,878.01 and its 200 day moving average is $1,875.93. The company has a market capitalization of $45.16 billion, a P/E ratio of 79.91, a PEG ratio of 2.97 and a beta of 1.28. Fair Isaac Corporation has a 1 year low of $1,484.29 and a 1 year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (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 firm had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the prior year, the business posted $6.14 earnings per share. The business's quarterly revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other Fair Isaac news, 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 transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the transaction, the director directly owned 242 shares in the company, valued at approximately $505,175. The trade was a 76.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,851 shares of company stock worth $40,543,770 in the last 90 days. 3.46% of the stock is 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.