M&T Bank Corp Sells 1,182 Shares of Fair Isaac Corporation (NYSE:FICO)

M&T Bank Corp cut its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 22.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FICO. GAMMA Investing LLC grew its holdings in shares of Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after purchasing an additional 258,092 shares during the last quarter. Norges Bank bought a new stake in Fair Isaac during the 4th quarter worth approximately $442,369,000. Proficio Capital Partners LLC bought a new stake in Fair Isaac during the 4th quarter worth approximately $261,610,000. Arrowstreet Capital Limited Partnership grew its holdings in Fair Isaac by 376.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after acquiring an additional 127,679 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Fair Isaac by 663.1% during the 4th quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock worth $215,715,000 after acquiring an additional 94,150 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FICO shares. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Oppenheimer boosted their target price on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a report on Tuesday. Jefferies Financial Group reissued a "buy" rating and set a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a research report on Thursday. Finally, Griffin Securities set a $2,000.00 price target on shares of Fair Isaac in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $2,263.29.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded down $22.11 during trading on Friday, reaching $1,562.28. 184,070 shares of the company traded hands, compared to its average volume of 202,713. Fair Isaac Corporation has a 1-year low of $1,484.29 and a 1-year high of $2,402.52. The company has a 50 day moving average price of $1,855.28 and a 200-day moving average price of $1,865.49. The firm has a market capitalization of $38.03 billion, a PE ratio of 67.27, a P/E/G ratio of 2.55 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. The business had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. Fair Isaac's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.14 EPS. Equities research analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president owned 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction dated 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 sale, the director directly owned 242 shares of the company's stock, valued at $505,175. The trade was a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,906 shares of company stock worth $45,222,913. Company insiders own 3.46% of the company's stock.

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.