Riverbridge Partners LLC Decreases Stock Holdings in Fair Isaac Corporation (NYSE:FICO)

Riverbridge Partners LLC lowered its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,515 shares of the technology company's stock after selling 161 shares during the quarter. Riverbridge Partners LLC owned about 0.08% of Fair Isaac worth $34,145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. increased its stake in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of Fair Isaac in the 4th quarter valued at about $26,000. Avalon Trust Co bought a new stake in shares of Fair Isaac in the 4th quarter valued at about $40,000. OFI Invest Asset Management bought a new stake in shares of Fair Isaac in the 4th quarter valued at about $42,000. Finally, Colonial Trust Co SC raised its holdings in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FICO shares. Bank of America began coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective for the company. Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Oppenheimer boosted their target price on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $2,575.00 price objective on shares of Fair Isaac in a research report on Tuesday, June 10th. Finally, Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price objective for the stock 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, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $2,304.15.

Insiders Place Their Bets

In other news, CFO Steven P. Weber sold 1,000 shares of the 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 now owns 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 2,956 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,210,495.94. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,851 shares of company stock valued at $40,543,770 over the last 90 days. 3.46% of the stock is owned by company insiders.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,762.57 on Friday. The firm has a market cap of $42.90 billion, a PE ratio of 75.91, a price-to-earnings-growth ratio of 2.89 and a beta of 1.29. The company has a 50-day moving average of $1,890.15 and a two-hundred day moving average of $1,905.88. Fair Isaac Corporation has a 1-year low of $1,401.67 and a 1-year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping the consensus estimate of $7.33 by $0.48. The company 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 revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $6.14 earnings per share. Sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback program on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.

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