Aigen Investment Management LP Makes New $839,000 Investment in Fair Isaac Corporation (NYSE:FICO)

Key Points

• Aigen Investment Management LP acquired 455 shares of Fair Isaac Corporation, valued at approximately $839,000, during the first quarter of the year.
• Multiple institutional investors increased their stakes in Fair Isaac, with GAMMA Investing LLC raising its stake by nearly 287,000%.
• The company has initiated a $1 billion stock repurchase plan, indicating a belief that its stock is undervalued by the board of directors.

Aigen Investment Management LP acquired a new position in Fair Isaac Corporation (NYSE:FICO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 455 shares of the technology company's stock, valued at approximately $839,000.

Several other institutional investors and hedge funds also recently bought and sold shares of FICO. N.E.W. Advisory Services LLC bought a new position in Fair Isaac in the 1st quarter valued at $30,000. Meeder Asset Management Inc. raised its position in shares of Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares in the last quarter. Mechanics Financial Corp purchased a new stake in shares of Fair Isaac during the 1st quarter valued at $46,000. Colonial Trust Co SC raised its position in shares of Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares in the last quarter. Finally, Hollencrest Capital Management raised its position in shares of Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after buying an additional 23 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the business'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 transaction of $1,738,250.00. Following the sale, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,021 shares of company stock valued at $22,247,892 over the last three months. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Stock Down 1.3%

Fair Isaac stock traded down $16.96 during trading hours on Thursday, hitting $1,318.33. The stock had a trading volume of 461,095 shares, compared to its average volume of 267,919. The stock's 50-day moving average price is $1,632.49 and its 200-day moving average price is $1,781.71. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The stock has a market capitalization of $31.64 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same period in the previous year, the company earned $6.25 earnings per share. The firm's quarterly revenue was up 19.8% on a year-over-year basis. On average, research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Needham & Company LLC cut their price target on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Oppenheimer cut their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Raymond James Financial cut their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $2,163.14.

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.