Motley Fool Asset Management LLC Has $2.69 Million Position in Fair Isaac Corporation (NYSE:FICO)

Motley Fool Asset Management LLC boosted its position in Fair Isaac Corporation (NYSE:FICO) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,460 shares of the technology company’s stock after purchasing an additional 111 shares during the period. Motley Fool Asset Management LLC’s holdings in Fair Isaac were worth $2,692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in Fair Isaac in the 1st quarter worth about $30,000. Meeder Asset Management Inc. grew its position in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after buying an additional 5 shares during the last quarter. Colonial Trust Co SC grew its position 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 buying an additional 10 shares during the last quarter. Mechanics Financial Corp bought a new stake in shares of Fair Isaac in the 1st quarter valued at about $46,000. Finally, Hollencrest Capital Management grew its position in shares of Fair Isaac by 766.7% in the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company’s stock valued at $48,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 3,811 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the completion of the sale, the chief executive officer directly owned 44,338 shares of the company’s stock, valued at $69,432,864.62. This trade represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,021 shares of company stock valued at $22,247,892 in the last three months. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO opened at $1,309.09 on Tuesday. Fair Isaac Corporation has a 52-week low of $1,305.15 and a 52-week high of $2,402.51. The business’s 50 day moving average price is $1,649.36 and its two-hundred day moving average price is $1,788.07. The firm has a market cap of $31.42 billion, a PE ratio of 51.20, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The firm had revenue of $536.42 million during the quarter, compared to analysts’ expectations of $520.40 million. During the same quarter last year, the firm posted $6.25 earnings per share. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. Research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its board has authorized a share buyback 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 reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FICO shares. Wells Fargo & Company reduced their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 9th. Raymond James Financial reduced their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Barclays reduced their price target on 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 Fair Isaac from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Finally, BMO Capital Markets upgraded Fair Isaac to a “strong-buy” rating in a research report on Thursday, July 10th. Two equities 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $2,163.14.

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.