International Assets Investment Management LLC Purchases 8 Shares of Fair Isaac Corporation (NYSE:FICO)

International Assets Investment Management LLC lifted its holdings in Fair Isaac Corporation (NYSE:FICO) by 4.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 194 shares of the technology company’s stock after purchasing an additional 8 shares during the quarter. International Assets Investment Management LLC’s holdings in Fair Isaac were worth $358,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. grew its position in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after acquiring an additional 8 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of Fair Isaac in the fourth quarter worth about $26,000. Avalon Trust Co purchased a new position in Fair Isaac in the 4th quarter worth about $40,000. OFI Invest Asset Management purchased a new position in Fair Isaac in the 4th quarter worth about $42,000. Finally, Colonial Trust Co SC lifted its holdings in Fair Isaac by 71.4% during 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 in the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.1%

NYSE FICO opened at $1,816.89 on Friday. Fair Isaac Corporation has a 52 week low of $1,454.41 and a 52 week high of $2,402.52. The company has a 50 day moving average price of $1,883.80 and a 200 day moving average price of $1,887.21. The firm has a market cap of $44.22 billion, a PE ratio of 78.25, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $500.45 million. During the same period in the previous year, the company earned $6.14 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a stock buyback program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 2,956 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $74,210,495.94. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction dated 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 sale, the executive vice president now directly owns 9,974 shares of the company’s stock, valued at $20,517,016.70. This trade represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,851 shares of company stock valued at $40,543,770 in the last three months. 3.46% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer raised their target price on shares of 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. Baird R W upgraded Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 28th. Raymond James Financial reaffirmed an “outperform” rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Barclays dropped their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Finally, Robert W. Baird upgraded Fair Isaac from a “neutral” rating to an “outperform” rating and cut their price target for the company from $2,021.00 to $1,900.00 in a research note 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.