209 Shares in Fair Isaac Corporation (NYSE:FICO) Purchased by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP bought a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 209 shares of the technology company's stock, valued at approximately $385,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after buying an additional 302 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Fair Isaac by 804.8% during the fourth quarter. Teacher Retirement System of Texas now owns 1,493 shares of the technology company's stock worth $2,972,000 after buying an additional 1,328 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of Fair Isaac by 2.7% during the fourth quarter. TD Asset Management Inc. now owns 66,156 shares of the technology company's stock worth $131,712,000 after buying an additional 1,749 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Fair Isaac by 13.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,596 shares of the technology company's stock worth $37,023,000 after acquiring an additional 2,231 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Fair Isaac in the fourth quarter worth approximately $796,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

Shares of NYSE:FICO traded down $4.41 during midday trading on Friday, reaching $1,531.39. The company had a trading volume of 134,033 shares, compared to its average volume of 367,389. The stock's fifty day moving average price is $1,727.13 and its 200-day moving average price is $1,827.94. The stock has a market capitalization of $37.27 billion, a P/E ratio of 65.95, a PEG ratio of 2.47 and a beta of 1.28. Fair Isaac Corporation has a one year low of $1,477.11 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping 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 business had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the previous year, the firm earned $6.14 earnings per share. The business's revenue was up 15.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has authorized a share buyback program on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 3,811 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the sale, the chief executive officer owned 44,338 shares in the company, valued at $69,432,864.62. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction on 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 transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,906 shares of company stock worth $45,222,913 in the last ninety days. 3.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Needham & Company LLC reduced their price target on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Griffin Securities set a $2,000.00 price target on shares of Fair Isaac in a research report on Wednesday, July 9th. 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. 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 on the stock. Finally, Oppenheimer lifted their price objective on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Two equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $2,218.64.

Fair Isaac 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.