Greenleaf Trust Has $815,000 Position in Fair Isaac Corporation (NYSE:FICO)

Greenleaf Trust raised its stake in Fair Isaac Corporation (NYSE:FICO) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 442 shares of the technology company’s stock after acquiring an additional 14 shares during the quarter. Greenleaf Trust’s holdings in Fair Isaac were worth $815,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. raised its position in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Fair Isaac in the fourth quarter valued at about $26,000. Avalon Trust Co acquired a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $40,000. Colonial Trust Co SC grew its holdings in shares of 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 purchasing an additional 10 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in Fair Isaac by 600.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company’s stock worth $56,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 2.8%

Shares of NYSE FICO opened at $1,540.70 on Friday. Fair Isaac Corporation has a 1-year low of $1,484.29 and a 1-year high of $2,402.52. The firm has a market capitalization of $37.50 billion, a P/E ratio of 66.35, a P/E/G ratio of 2.54 and a beta of 1.28. The firm’s 50-day moving average price is $1,845.09 and its 200-day moving average price is $1,861.59.

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. Equities research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has initiated a stock repurchase plan 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 plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Baird R W upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 28th. Griffin Securities set a $2,000.00 price objective on Fair Isaac in a report on Wednesday. Robert W. Baird upgraded Fair Isaac from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. BMO Capital Markets upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Thursday. Finally, Wells Fargo & Company decreased their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $2,263.29.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 9,974 shares in the company, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,906 shares of company stock worth $45,222,913 over the last three months. Company insiders own 3.46% of the company’s stock.

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.