Fair Isaac Corporation (NYSE:FICO) Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its position in shares of Fair Isaac Corporation (NYSE:FICO) by 2.9% in the first quarter, Holdings Channel reports. The institutional investor owned 2,933 shares of the technology company’s stock after acquiring an additional 84 shares during the quarter. Wealthfront Advisers LLC’s holdings in Fair Isaac were worth $5,409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at about $26,000. 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 worth $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% during the fourth quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company’s stock valued at $56,000 after purchasing an additional 24 shares during the period. Washington Trust Advisors Inc. lifted its position in Fair Isaac by 69.2% in the first quarter. Washington Trust Advisors Inc. now owns 44 shares of the technology company’s stock worth $81,000 after purchasing an additional 18 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in Fair Isaac by 53.1% during 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. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 0.6%

FICO opened at $1,527.43 on Friday. The business has a fifty day simple moving average of $1,800.25 and a 200-day simple moving average of $1,847.07. Fair Isaac Corporation has a 52 week low of $1,477.12 and a 52 week high of $2,402.52. The firm has a market cap of $37.18 billion, a P/E ratio of 65.78, a P/E/G ratio of 2.47 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last posted 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 business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.14 earnings per share. Sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has initiated a stock repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 9,974 shares in the company, valued at approximately $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction, the director owned 242 shares in the company, valued at $505,175. This represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,906 shares of company stock worth $45,222,913. 3.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the topic of several research analyst reports. Barclays lowered their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating on the stock in a report on Wednesday, July 9th. Robert W. Baird raised shares of Fair Isaac from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research report on Thursday. Wells Fargo & Company reduced their price objective on Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 9th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Fair Isaac in a report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $2,218.64.

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.