Whittier Trust Co. Increases Position in Fair Isaac Corporation (NYSE:FICO)

Whittier Trust Co. boosted its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,754 shares of the technology company's stock after purchasing an additional 298 shares during the quarter. Whittier Trust Co. owned about 0.06% of Fair Isaac worth $25,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Pinnacle Holdings LLC purchased a new position in shares of Fair Isaac in the 4th quarter valued at $26,000. Avalon Trust Co purchased a new position in shares of Fair Isaac in the 4th quarter valued at $40,000. Colonial Trust Co SC increased its holdings in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 10 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Fair Isaac by 600.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock valued at $56,000 after acquiring an additional 24 shares during the period. Finally, Washington Trust Advisors Inc. increased its holdings in shares of Fair Isaac by 69.2% in the 1st quarter. Washington Trust Advisors Inc. now owns 44 shares of the technology company's stock valued at $81,000 after acquiring an additional 18 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FICO. Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Barclays lowered their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Oppenheimer raised their price objective on Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. BMO Capital Markets raised Fair Isaac to a "strong-buy" rating in a research report on Thursday, July 10th. Finally, Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $2,218.64.

Fair Isaac Price Performance

FICO traded up $27.17 on Wednesday, reaching $1,534.32. 450,167 shares of the stock were exchanged, compared to its average volume of 207,909. The company's 50-day moving average price is $1,811.92 and its 200 day moving average price is $1,850.43. Fair Isaac Corporation has a fifty-two week low of $1,477.12 and a fifty-two week high of $2,402.52. The firm has a market capitalization of $37.35 billion, a PE ratio of 66.08, a PEG ratio of 2.42 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The company had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same quarter in the previous year, the firm posted $6.14 EPS. The firm's revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts forecast 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 initiated a stock buyback plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other news, EVP Thomas A. Bowers sold 4,077 shares of the business'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 owned 9,974 shares of the company's stock, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director directly owned 242 shares of the company's stock, valued at approximately $505,175. This trade represents a 76.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,906 shares of company stock worth $45,222,913. 3.46% of the stock is owned by insiders.

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.