American International Group Inc. Raises Stock Position in Fair Isaac Co. (NYSE:FICO)

American International Group Inc. increased its holdings in Fair Isaac Co. (NYSE:FICO) by 7.7% during the first quarter, HoldingsChannel.com reports. The fund owned 7,522 shares of the technology company’s stock after buying an additional 539 shares during the period. American International Group Inc.’s holdings in Fair Isaac were worth $9,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after buying an additional 35,263 shares during the period. International Assets Investment Management LLC increased its stake in Fair Isaac by 112,366.2% in the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after buying an additional 398,900 shares during the period. Principal Financial Group Inc. grew its stake in shares of Fair Isaac by 30.2% during the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after purchasing an additional 82,699 shares during the period. Franklin Resources Inc. grew its stake in shares of Fair Isaac by 25.2% during the 4th quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock worth $330,072,000 after purchasing an additional 57,010 shares during the period. Finally, Norges Bank acquired a new position in shares of Fair Isaac during the 4th quarter worth $259,509,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 price target on shares of Fair Isaac in a research note on Tuesday, June 11th. Raymond James upped their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target on the stock. Finally, Wolfe Research initiated coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,319.40.

Insider Buying and Selling at Fair Isaac

In other news, Director Joanna Rees sold 500 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $1,400.00, for a total transaction of $700,000.00. Following the completion of the transaction, the director now owns 20,118 shares of the company’s stock, valued at approximately $28,165,200. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Richard Deal sold 13,591 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joanna Rees sold 500 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $1,400.00, for a total transaction of $700,000.00. Following the sale, the director now directly owns 20,118 shares of the company’s stock, valued at approximately $28,165,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,014 shares of company stock worth $21,888,518. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Up 1.7 %

Shares of Fair Isaac stock traded up $26.77 on Thursday, hitting $1,586.01. The company’s stock had a trading volume of 43,559 shares, compared to its average volume of 179,543. Fair Isaac Co. has a 52-week low of $810.26 and a 52-week high of $1,658.03. The firm has a fifty day moving average price of $1,449.57 and a 200-day moving average price of $1,314.89. The company has a market capitalization of $39.19 billion, a P/E ratio of 82.79, a price-to-earnings-growth ratio of 4.39 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, topping the consensus estimate of $4.89 by $0.20. The business had revenue of $433.81 million for the quarter, compared to analyst estimates of $425.94 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. As a group, analysts expect that Fair Isaac Co. will post 19.73 earnings per share for the current year.

About Fair Isaac

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.