US Bancorp DE lowered its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 21.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,257 shares of the technology company's stock after selling 895 shares during the period. US Bancorp DE's holdings in Fair Isaac were worth $6,006,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in FICO. Nebula Research & Development LLC acquired a new stake in shares of Fair Isaac during the 4th quarter valued at $2,540,000. CWA Asset Management Group LLC raised its holdings 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 valued at $267,000 after buying an additional 19 shares during the last quarter. QRG Capital Management Inc. boosted its position in Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after buying an additional 17 shares during the period. Brighton Jones LLC grew its holdings in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Fair Isaac by 55.6% during the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Barclays cut their price objective 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. Oppenheimer dropped their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Finally, Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $2,163.14.
Get Our Latest Stock Report on FICO
Fair Isaac Trading Down 0.4%
Shares of Fair Isaac stock traded down $5.21 during trading on Friday, hitting $1,328.42. The stock had a trading volume of 178,016 shares, compared to its average volume of 264,825. Fair Isaac Corporation has a 12 month low of $1,313.69 and a 12 month high of $2,402.51. The firm has a market cap of $31.88 billion, a price-to-earnings ratio of 51.95, a P/E/G ratio of 2.71 and a beta of 1.28. The business's 50-day moving average is $1,666.39 and its 200 day moving average is $1,796.55.
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 analysts' consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the company posted $6.25 EPS. As a group, equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.
Fair Isaac declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.
Insiders Place Their Bets
In related news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,032 shares of company stock worth $35,172,583 in the last three months. 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.
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