State of Alaska Department of Revenue Has $5.27 Million Stock Holdings in Fair Isaac Corporation (NYSE:FICO)

State of Alaska Department of Revenue boosted its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,858 shares of the technology company’s stock after purchasing an additional 82 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fair Isaac were worth $5,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. boosted its holdings in shares of 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 period. Pinnacle Holdings LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $26,000. Avalon Trust Co bought a new stake in shares of Fair Isaac during the fourth quarter worth approximately $40,000. OFI Invest Asset Management acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $42,000. Finally, Colonial Trust Co SC increased its stake in shares of Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 10 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer now owns 1,862 shares in the company, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,851 shares of company stock valued at $40,543,770. Corporate insiders own 3.46% of the company’s stock.

Fair Isaac Trading Down 0.8%

Shares of NYSE:FICO opened at $1,762.57 on Friday. The firm has a 50 day moving average of $1,890.15 and a 200-day moving average of $1,905.88. Fair Isaac Corporation has a 12 month low of $1,401.67 and a 12 month high of $2,402.52. The stock has a market capitalization of $42.90 billion, a PE ratio of 75.91, a PEG ratio of 2.89 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $500.45 million. During the same period last year, the firm posted $6.14 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has authorized a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

FICO has been the subject of several recent research reports. Oppenheimer boosted their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Jefferies Financial Group reissued a “buy” rating and issued a $2,500.00 target price (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Barclays lowered their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Royal Bank Of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $2,575.00 target price on shares of Fair Isaac in a report on Tuesday, June 10th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,304.15.

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.