Shilanski & Associates Inc. Sells 268 Shares of Fair Isaac Corporation (NYSE:FICO)

Shilanski & Associates Inc. reduced its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,323 shares of the technology company's stock after selling 268 shares during the period. Shilanski & Associates Inc.'s holdings in Fair Isaac were worth $2,440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FICO. Rakuten Securities Inc. boosted its holdings in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after purchasing an additional 8 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in Fair Isaac during the fourth quarter worth about $26,000. Avalon Trust Co purchased a new position in Fair Isaac during the fourth quarter worth about $40,000. OFI Invest Asset Management purchased a new position in Fair Isaac during the fourth quarter worth about $42,000. Finally, Colonial Trust Co SC boosted its holdings in Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 10 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,816.89 on Monday. Fair Isaac Corporation has a 1 year low of $1,454.41 and a 1 year high of $2,402.52. The stock has a market cap of $44.22 billion, a P/E ratio of 78.25, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. The firm has a 50-day moving average of $1,883.80 and a 200 day moving average of $1,882.95.

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

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

Insider Activity

In related news, EVP Thomas A. Bowers sold 4,077 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the transaction, the executive vice president now owns 9,974 shares of the company's stock, valued at approximately $20,517,016.70. This represents a 29.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William J. Lansing sold 592 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $91,453,786.92. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,851 shares of company stock valued at $40,543,770 over the last three months. Insiders own 3.46% of the company's stock.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. 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. Raymond James Financial restated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating and set a $2,575.00 price target on shares of Fair Isaac in a research note on Friday, June 20th. Finally, Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $2,304.15.

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.

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