Fair Isaac Corporation (NYSE:FICO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,660 shares of the technology company's stock after selling 3,423 shares during the period. Victory Capital Management Inc. owned 0.14% of Fair Isaac worth $62,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Fair Isaac by 286,768.9% during the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after acquiring an additional 258,092 shares in the last quarter. Norges Bank purchased a new position in Fair Isaac in the fourth quarter valued at about $442,369,000. Arrowstreet Capital Limited Partnership boosted its stake in Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock valued at $321,790,000 after acquiring an additional 127,679 shares during the last quarter. Millennium Management LLC increased its holdings in Fair Isaac by 663.1% in the 4th quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock worth $215,715,000 after acquiring an additional 94,150 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Fair Isaac by 20.1% in the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock worth $506,096,000 after buying an additional 42,588 shares during the period. Institutional investors own 85.75% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer raised their price target on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Barclays decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price objective for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Bank of America initiated coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price on the stock. Finally, Griffin Securities set a $2,000.00 price objective on shares of Fair Isaac in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fair Isaac currently has a consensus rating of "Buy" and an average price target of $2,218.64.

Fair Isaac Trading Up 1.0%

Shares of FICO stock traded up $15.36 during trading hours on Friday, reaching $1,540.65. 190,013 shares of the stock were exchanged, compared to its average volume of 208,491. Fair Isaac Corporation has a 12-month low of $1,477.12 and a 12-month high of $2,402.52. The company's 50-day moving average price is $1,789.28 and its 200-day moving average price is $1,842.95. The firm has a market capitalization of $37.50 billion, a price-to-earnings ratio of 66.35, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The company had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same quarter last year, the business posted $6.14 EPS. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. On average, sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has approved a share buyback plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows 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 leadership believes its shares are undervalued.

Insider Activity

In other news, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was 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 directly owned 9,974 shares in the company, valued at $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the sale, the director directly 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. In the last 90 days, insiders have sold 23,906 shares of company stock worth $45,222,913. Insiders own 3.46% of the company's stock.

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.