Silphium Asset Management Ltd raised its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 24.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,535 shares of the technology company's stock after acquiring an additional 305 shares during the period. Fair Isaac makes up 2.3% of Silphium Asset Management Ltd's holdings, making the stock its 25th biggest holding. Silphium Asset Management Ltd's holdings in Fair Isaac were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in FICO. GAMMA Investing LLC increased its holdings 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 period. Norges Bank acquired a new position in Fair Isaac in the 4th quarter valued at $442,369,000. Wealthfront Advisers LLC increased its stake in Fair Isaac by 5,217.6% in the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock valued at $292,728,000 after buying an additional 144,266 shares during the period. Proficio Capital Partners LLC acquired a new position in Fair Isaac in the 4th quarter valued at $261,610,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Fair Isaac by 376.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock valued at $321,790,000 after buying an additional 127,679 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.
Fair Isaac Stock Down 2.8%
Shares of Fair Isaac stock traded down $43.68 on Friday, hitting $1,540.70. 379,480 shares of the company's stock traded hands, compared to its average volume of 203,471. The stock has a market cap of $37.50 billion, a P/E ratio of 66.35, a PEG ratio of 2.55 and a beta of 1.28. The firm's 50-day moving average is $1,855.28 and its 200 day moving average is $1,865.49. Fair Isaac Corporation has a 52-week low of $1,484.29 and a 52-week high of $2,402.52.
Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The company had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The business's revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.14 EPS. Equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.
Fair Isaac announced that its board has initiated a share repurchase plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
Analyst Ratings Changes
FICO has been the topic of a number of recent analyst reports. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Bank of America started coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price for the company. Barclays dropped their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $2,575.00 target price on shares of Fair Isaac in a research report on Friday, June 20th. Finally, BMO Capital Markets raised shares of Fair Isaac to a "strong-buy" rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Fair Isaac presently has an average rating of "Buy" and a consensus target price of $2,263.29.
Check Out Our Latest Report on FICO
Insider Transactions at Fair Isaac
In related 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 transaction, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of the firm's stock in a transaction on 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 transaction, the director owned 242 shares in the company, valued at $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,906 shares of company stock valued at $45,222,913. Company insiders own 3.46% of the company's stock.
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.
Further Reading
Before you consider Fair Isaac, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fair Isaac wasn't on the list.
While Fair Isaac currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
