Chevy Chase Trust Holdings LLC Buys 30 Shares of Fair Isaac Corporation (NYSE:FICO)

Chevy Chase Trust Holdings LLC grew its position in Fair Isaac Corporation (NYSE:FICO) by 0.2% during the first quarter, HoldingsChannel.com reports. The fund owned 12,805 shares of the technology company’s stock after acquiring an additional 30 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Fair Isaac were worth $23,614,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Palisade Asset Management LLC boosted its stake in shares of Fair Isaac by 5.0% during the 1st quarter. Palisade Asset Management LLC now owns 210 shares of the technology company’s stock worth $387,000 after purchasing an additional 10 shares during the period. Legacy Advisors LLC increased its position in Fair Isaac by 2.2% during the 1st quarter. Legacy Advisors LLC now owns 377 shares of the technology company’s stock valued at $695,000 after purchasing an additional 8 shares during the period. Asset Management One Co. Ltd. raised its stake in Fair Isaac by 5.6% in the first quarter. Asset Management One Co. Ltd. now owns 16,358 shares of the technology company’s stock worth $30,167,000 after buying an additional 864 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Fair Isaac by 12.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,062 shares of the technology company’s stock worth $5,647,000 after purchasing an additional 341 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Fair Isaac during the first quarter valued at about $1,272,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marc F. Mcmorris sold 797 shares of the firm’s stock in a transaction that occurred 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 now directly owns 242 shares in the company, valued at approximately $505,175. This trade represents a 76.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,851 shares of company stock worth $40,543,770 over the last three months. Insiders own 3.46% of the company’s stock.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,898.15 on Thursday. The business’s 50 day moving average price is $1,887.32 and its 200 day moving average price is $1,892.44. The company has a market cap of $46.20 billion, a price-to-earnings ratio of 81.75, a PEG ratio of 3.16 and a beta of 1.29. Fair Isaac Corporation has a one year low of $1,443.68 and a one year high of $2,402.52.

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

Fair Isaac announced that its board has authorized a share buyback plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Oppenheimer raised their price objective on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Royal Bank Of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Baird R W upgraded Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 28th. Finally, Robert W. Baird upgraded shares of Fair Isaac from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,304.15.

Fair Isaac Company 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.