National Pension Service Has $157.64 Million Stock Holdings in Fair Isaac Corporation $FICO

Key Points

• The National Pension Service increased its stake in Fair Isaac Corporation by 7.9%, now owning 85,479 shares valued at approximately $157.6 million.
• Insider trading activity saw Fair Isaac's CFO and CEO sell a total of 7,010 shares, indicating a notable decrease in their ownership percentages.
• Fair Isaac recently reported $8.57 earnings per share, exceeding estimates, and announced a $1 billion share buyback program, suggesting management's belief in the stock's undervaluation.

National Pension Service boosted its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 7.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,479 shares of the technology company's stock after purchasing an additional 6,231 shares during the period. National Pension Service owned about 0.35% of Fair Isaac worth $157,637,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings 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 buying an additional 58,740 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Fair Isaac by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after buying an additional 26,811 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after buying an additional 258,092 shares during the last quarter. Northern Trust Corp lifted its holdings 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 buying an additional 42,588 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Fair Isaac by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 244,262 shares of the technology company's stock worth $486,309,000 after buying an additional 15,210 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FICO. Barclays reduced their target price on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Griffin Securities set a $1,800.00 price target on Fair Isaac in a report on Monday. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Finally, Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $2,134.57.

Fair Isaac Stock Performance

Shares of FICO stock traded up $9.50 during mid-day trading on Monday, hitting $1,352.66. 204,369 shares of the stock traded hands, compared to its average volume of 267,190. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The firm has a market cap of $32.46 billion, a price-to-earnings ratio of 52.90, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28. The company's 50-day simple moving average is $1,614.82 and its 200-day simple moving average is $1,773.33.

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

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

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William J. Lansing sold 3,811 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the sale, the chief executive officer directly owned 44,338 shares of the company's stock, 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 three months, insiders have sold 13,021 shares of company stock valued at $22,247,892. Corporate insiders own 3.46% of the company's stock.

Fair Isaac 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.