Fair Isaac Corporation (NYSE:FICO) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC boosted its position in shares of Fair Isaac Corporation (NYSE:FICO) by 38.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 315 shares of the technology company’s stock after buying an additional 88 shares during the quarter. Larson Financial Group LLC’s holdings in Fair Isaac were worth $581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Fair Isaac by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company’s stock valued at $5,781,051,000 after acquiring an additional 22,178 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Fair Isaac by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company’s stock worth $1,351,073,000 after buying an additional 5,371 shares during the last quarter. Geode Capital Management LLC boosted its position in Fair Isaac by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company’s stock worth $1,318,630,000 after purchasing an additional 17,656 shares during the period. Principal Financial Group Inc. raised its stake in Fair Isaac by 7.3% in the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock valued at $722,585,000 after purchasing an additional 26,811 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company’s stock worth $476,129,000 after buying an additional 258,092 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FICO shares. Needham & Company LLC set a $1,950.00 price objective on Fair Isaac and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial restated an “outperform” rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Oppenheimer upped 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. BMO Capital Markets raised Fair Isaac to a “strong-buy” rating in a research report on Thursday, July 10th. Finally, Baird R W raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $2,218.64.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the transaction, the chief executive officer directly owned 44,338 shares in the company, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of the company’s stock in a transaction on 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 sale, the director owned 242 shares of the company’s stock, valued at approximately $505,175. The trade was a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,906 shares of company stock valued at $45,222,913. 3.46% of the stock is owned by company insiders.

Fair Isaac Price Performance

Shares of FICO opened at $1,527.43 on Friday. The company’s 50-day moving average is $1,800.25 and its 200-day moving average is $1,847.07. 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 $37.18 billion, a PE ratio of 65.78, a PEG ratio of 2.47 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $500.45 million. During the same quarter last year, the firm posted $6.14 EPS. Fair Isaac’s revenue was up 15.0% compared to the same quarter last year. Analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has approved a share repurchase 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 repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.