National Bank of Canada FI reduced its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 27.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,245 shares of the technology company's stock after selling 4,996 shares during the quarter. National Bank of Canada FI owned about 0.05% of Fair Isaac worth $24,426,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Fair Isaac by 286,768.9% in the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after acquiring an additional 258,092 shares during the last quarter. Millennium Management LLC increased its stake 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 purchasing an additional 94,150 shares in the last quarter. Vanguard Group Inc. increased its stake in Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after purchasing an additional 58,740 shares in the last quarter. Northern Trust Corp increased its stake in Fair Isaac by 20.1% during the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock worth $506,096,000 after purchasing an additional 42,588 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Fair Isaac by 68.8% during the 4th quarter. AQR Capital Management LLC now owns 83,658 shares of the technology company's stock worth $166,557,000 after purchasing an additional 34,104 shares in the last quarter. 85.75% of the stock is owned by institutional investors.
Insider Activity at Fair Isaac
In other news, 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 value of $1,738,250.00. Following the completion of the sale, the chief financial officer owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the completion of the sale, the chief executive officer owned 44,338 shares in the company, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,021 shares of company stock valued at $22,247,892. 3.46% of the stock is currently owned by insiders.
Fair Isaac Stock Up 0.7%
Shares of NYSE FICO traded up $8.76 during trading hours on Tuesday, hitting $1,320.02. The company had a trading volume of 191,450 shares, compared to its average volume of 360,923. The stock has a market capitalization of $31.68 billion, a P/E ratio of 51.62, a price-to-earnings-growth ratio of 2.55 and a beta of 1.28. Fair Isaac Corporation has a 1-year low of $1,301.01 and a 1-year high of $2,402.51. The firm's 50 day moving average is $1,640.95 and its 200-day moving average is $1,784.82.
Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.25 EPS. On average, sell-side analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.
Fair Isaac announced that its board has authorized a share repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.
Analysts Set New Price Targets
A number of research firms recently issued reports on FICO. Wells Fargo & Company lowered their target price on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Needham & Company LLC reduced their price target on 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. Raymond James Financial reduced their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Finally, Barclays reduced their price target on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Two equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $2,163.14.
View Our Latest Analysis on FICO
About Fair Isaac
(
Free Report)
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.
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