Assetmark Inc. Has $53,000 Stake in Fair Isaac Corporation (NYSE:FICO)

Assetmark Inc. decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 72.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29 shares of the technology company’s stock after selling 75 shares during the quarter. Assetmark Inc.’s holdings in Fair Isaac were worth $53,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FICO. Brighton Jones LLC lifted its stake in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after acquiring an additional 302 shares during the last quarter. World Investment Advisors lifted its stake in Fair Isaac by 18.8% in the fourth quarter. World Investment Advisors now owns 177 shares of the technology company’s stock valued at $352,000 after acquiring an additional 28 shares during the last quarter. Arete Wealth Advisors LLC acquired a new stake in Fair Isaac in the fourth quarter valued at $343,000. Prudential PLC lifted its stake in Fair Isaac by 94.9% in the fourth quarter. Prudential PLC now owns 840 shares of the technology company’s stock valued at $1,672,000 after acquiring an additional 409 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in Fair Isaac by 134.7% in the fourth quarter. Federated Hermes Inc. now owns 20,595 shares of the technology company’s stock valued at $41,003,000 after acquiring an additional 11,819 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the transaction, the director directly 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. Over the last three months, insiders have sold 19,829 shares of company stock valued at $36,836,320. 3.46% of the stock is owned by company insiders.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,359.92 on Tuesday. Fair Isaac Corporation has a 52 week low of $1,348.10 and a 52 week high of $2,402.51. The firm has a market cap of $32.64 billion, a price-to-earnings ratio of 53.18, a P/E/G ratio of 2.51 and a beta of 1.28. The firm’s 50-day simple moving average is $1,681.11 and its 200 day simple moving average is $1,806.49.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period last year, the firm earned $6.25 earnings per share. Fair Isaac’s revenue for the quarter was up 19.8% compared to the same quarter last year. Sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on FICO shares. Raymond James Financial cut their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price objective on the stock. Oppenheimer dropped their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Robert W. Baird raised 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 report on Wednesday, May 28th. Finally, Barclays dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 9th. Two 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’s stock. Based on data from MarketBeat, Fair Isaac has an average rating of “Buy” and an average target price 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.