Silphium Asset Management Ltd Grows Position in Fair Isaac Corporation (NYSE:FICO)

Silphium Asset Management Ltd increased its position in shares of Fair Isaac Corporation (NYSE:FICO) by 24.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,535 shares of the technology company’s stock after acquiring an additional 305 shares during the period. Fair Isaac comprises 2.3% of Silphium Asset Management Ltd’s investment portfolio, making the stock its 25th biggest position. Silphium Asset Management Ltd’s holdings in Fair Isaac were worth $2,831,000 at the end of the most recent quarter.

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

Insider Activity

In related news, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president owned 9,974 shares of the company’s stock, valued at approximately $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 1,862 shares of the company’s stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,895 shares of company stock worth $35,337,869. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Trading Down 8.8%

Shares of FICO opened at $1,705.11 on Wednesday. The stock has a market cap of $41.50 billion, a P/E ratio of 73.43, a PEG ratio of 3.00 and a beta of 1.28. The company has a 50-day moving average of $1,871.63 and a two-hundred day moving average of $1,870.80. Fair Isaac Corporation has a 12-month low of $1,484.29 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating analysts’ consensus estimates of $7.33 by $0.48. The business had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.14 earnings per share. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Robert W. Baird upgraded shares of Fair Isaac from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Jefferies Financial Group restated a “buy” rating and issued a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Bank of America initiated coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price objective on the stock. Raymond James Financial restated an “outperform” rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $2,575.00 price objective on shares of Fair Isaac in a research note on Friday, June 20th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,304.69.

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.