US Bancorp DE Sells 895 Shares of Fair Isaac Corporation (NYSE:FICO)

US Bancorp DE decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 21.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,257 shares of the technology company’s stock after selling 895 shares during the period. US Bancorp DE’s holdings in Fair Isaac were worth $6,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nicolet Advisory Services LLC raised its position in Fair Isaac by 3.2% during the 1st quarter. Nicolet Advisory Services LLC now owns 360 shares of the technology company’s stock valued at $666,000 after purchasing an additional 11 shares during the last quarter. NorthRock Partners LLC bought a new position in Fair Isaac during the 1st quarter valued at approximately $256,000. Baader Bank Aktiengesellschaft bought a new position in Fair Isaac during the 1st quarter valued at approximately $256,000. Bayforest Capital Ltd raised its position in Fair Isaac by 417.1% during the 1st quarter. Bayforest Capital Ltd now owns 393 shares of the technology company’s stock valued at $725,000 after purchasing an additional 317 shares during the last quarter. Finally, XTX Topco Ltd raised its position in Fair Isaac by 16.3% during the 1st quarter. XTX Topco Ltd now owns 292 shares of the technology company’s stock valued at $538,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 1.5%

Fair Isaac stock opened at $1,359.92 on Tuesday. The company has a market capitalization of $32.64 billion, a P/E ratio of 53.18, a PEG ratio of 2.51 and a beta of 1.28. The stock’s 50 day moving average is $1,681.11 and its 200 day moving average is $1,806.49. Fair Isaac Corporation has a twelve month low of $1,348.10 and a twelve 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 earnings per share for the quarter, topping the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.25 EPS. As a group, equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has approved a stock repurchase plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 1,862 shares in the company, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Marc F. Mcmorris sold 797 shares of the stock in a transaction on 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 sale, the director owned 242 shares in the company, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,829 shares of company stock worth $36,836,320 in the last 90 days. Insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BMO Capital Markets raised Fair Isaac to a “strong-buy” rating in a research report on Thursday, July 10th. Bank of America started coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 target price for the company. Baird R W raised 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 target price on Fair Isaac in a research report on Wednesday, July 9th. Finally, Needham & Company LLC decreased their target price on Fair Isaac from $2,575.00 to $1,950.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Fair Isaac currently has an average rating of “Buy” and an average price target of $2,163.14.

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.