Keybank National Association OH Raises Position in Fair Isaac Corporation $FICO

Keybank National Association OH increased its holdings in Fair Isaac Corporation (NYSE:FICO) by 50.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,310 shares of the technology company’s stock after buying an additional 439 shares during the period. Keybank National Association OH’s holdings in Fair Isaac were worth $2,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FICO. Brighton Jones LLC raised its position in shares of Fair Isaac by 168.7% in 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. First Horizon Advisors Inc. raised its position in shares of Fair Isaac by 53.1% in the first quarter. First Horizon Advisors Inc. now owns 49 shares of the technology company’s stock worth $90,000 after buying an additional 17 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Fair Isaac by 138.6% in the first quarter. Teacher Retirement System of Texas now owns 3,562 shares of the technology company’s stock worth $6,569,000 after buying an additional 2,069 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Fair Isaac by 3.2% in the first quarter. D.A. Davidson & CO. now owns 641 shares of the technology company’s stock worth $1,182,000 after buying an additional 20 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in Fair Isaac by 29.5% during the first quarter. Checchi Capital Advisers LLC now owns 180 shares of the technology company’s stock valued at $332,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 18,032 shares of company stock valued at $28,094,085 in the last quarter. 3.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FICO. Raymond James Financial lowered 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. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Barclays raised their price target on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Zacks Research upgraded Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,137.43.

Fair Isaac Trading Up 5.0%

FICO opened at $1,664.43 on Friday. The company has a market cap of $39.95 billion, a P/E ratio of 65.09, a P/E/G ratio of 1.63 and a beta of 1.35. The business’s 50-day moving average price is $1,587.44 and its 200-day moving average price is $1,676.43. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,402.51.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. The firm had revenue of $536.42 million for 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.25 earnings per share. Equities research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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.