Fair Isaac Corporation (NYSE:FICO) Stake Trimmed by M&T Bank Corp

M&T Bank Corp lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 22.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,989 shares of the technology company's stock after selling 1,182 shares during the quarter. M&T Bank Corp's holdings in Fair Isaac were worth $7,357,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FICO. Brighton Jones LLC increased its position in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares in the last quarter. Jones Financial Companies Lllp increased its position in Fair Isaac by 94.1% during the 4th quarter. Jones Financial Companies Lllp now owns 132 shares of the technology company's stock worth $263,000 after purchasing an additional 64 shares in the last quarter. Assetmark Inc. increased its position in Fair Isaac by 33.3% during the 4th quarter. Assetmark Inc. now owns 104 shares of the technology company's stock worth $207,000 after purchasing an additional 26 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Fair Isaac during the 4th quarter worth approximately $261,610,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Fair Isaac by 10.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,640 shares of the technology company's stock worth $29,147,000 after purchasing an additional 1,426 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Stock Down 0.3%

FICO stock traded down $5.18 during mid-day trading on Thursday, reaching $1,586.55. The company had a trading volume of 566,236 shares, compared to its average volume of 202,749. The stock has a market capitalization of $38.62 billion, a P/E ratio of 68.33, a P/E/G ratio of 2.73 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 stock's 50-day simple moving average is $1,863.71 and its two-hundred day simple moving average is $1,868.89.

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, beating analysts' consensus estimates of $7.33 by $0.48. The company had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $6.14 earnings per share. On average, research analysts forecast 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 program on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In related news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the sale, the chief executive officer owned 44,338 shares in the company, valued at approximately $69,432,864.62. This represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,906 shares of company stock valued at $45,222,913. 3.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price target for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Oppenheimer raised their price target on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research report on Tuesday. Raymond James Financial reissued an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $2,575.00 price target on shares of Fair Isaac in a research report on Friday, June 20th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,283.54.

About Fair Isaac

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.