Oak Thistle LLC Sells 812 Shares of Fair Isaac Corporation (NYSE:FICO)

Oak Thistle LLC cut its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 62.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 493 shares of the technology company's stock after selling 812 shares during the period. Oak Thistle LLC's holdings in Fair Isaac were worth $909,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FICO. Nebula Research & Development LLC purchased a new stake in shares of Fair Isaac during the 4th quarter worth about $2,540,000. CWA Asset Management Group LLC increased its position in Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after buying an additional 19 shares during the period. QRG Capital Management Inc. increased its position in shares of Fair Isaac by 4.5% during the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after purchasing an additional 17 shares during the period. Brighton Jones LLC boosted its stake in Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after buying an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Fair Isaac by 55.6% in the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock valued at $258,000 after buying an additional 50 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on FICO. Oppenheimer boosted their price objective on Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Barclays cut their target price on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 9th. Bank of America started coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective for the company. Griffin Securities set a $2,000.00 price target on Fair Isaac in a research note on Wednesday, July 9th. Finally, Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Two 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. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of "Buy" and a consensus price target of $2,218.64.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded down $4.41 on Friday, hitting $1,531.39. 134,033 shares of the company's stock traded hands, compared to its average volume of 367,389. The company has a fifty day moving average of $1,727.13 and a two-hundred day moving average of $1,827.94. Fair Isaac Corporation has a one year low of $1,477.11 and a one year high of $2,402.51. The company has a market capitalization of $37.27 billion, a price-to-earnings ratio of 65.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28.

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

Fair Isaac declared that its board has initiated a stock 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 repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Marc F. Mcmorris sold 797 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the sale, the director directly owned 242 shares of the company's stock, valued at $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction that occurred 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 sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,906 shares of company stock valued at $45,222,913 over the last three months. Insiders own 3.46% of the company's stock.

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.