EFG Asset Management Americas Corp. Lowers Stake in Fair Isaac Corporation (NYSE:FICO)

EFG Asset Management Americas Corp. lowered its position in shares of Fair Isaac Corporation (NYSE:FICO) by 17.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,315 shares of the technology company’s stock after selling 276 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Fair Isaac were worth $2,425,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings 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. Geode Capital Management LLC lifted its holdings in shares of Fair Isaac by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company’s stock worth $1,318,630,000 after buying an additional 17,656 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Fair Isaac in the fourth quarter worth $1,292,000. Trexquant Investment LP lifted its holdings in shares of Fair Isaac by 1,745.0% in the fourth quarter. Trexquant Investment LP now owns 6,476 shares of the technology company’s stock worth $12,893,000 after buying an additional 6,125 shares in the last quarter. Finally, Groupama Asset Managment purchased a new position in shares of Fair Isaac in the fourth quarter worth $2,157,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president directly owned 9,974 shares of the company’s stock, valued at $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the sale, the chief financial officer directly owned 1,862 shares of the company’s stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,906 shares of company stock valued at $45,222,913. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on FICO shares. Bank of America started coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 target price on the stock. Oppenheimer upped their price target 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. Griffin Securities set a $2,000.00 price target on shares of Fair Isaac in a research note on Wednesday, July 9th. BMO Capital Markets raised shares of Fair Isaac to a “strong-buy” rating in a research note on Thursday, July 10th. Finally, Barclays decreased 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 research note on Wednesday, July 9th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $2,218.64.

Fair Isaac Trading Up 1.9%

NYSE FICO opened at $1,533.01 on Thursday. The company’s 50-day moving average price is $1,699.45 and its 200-day moving average price is $1,819.99. The stock has a market cap of $37.31 billion, a PE ratio of 66.02, a PEG ratio of 2.43 and a beta of 1.28. Fair Isaac Corporation has a 12 month low of $1,477.11 and a 12 month high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $6.25 earnings per share. As a group, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its board has authorized a share buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are 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.