Banco Santander S.A. Acquires 242 Shares of Fair Isaac Corporation (NYSE:FICO)

Key Points

• Banco Santander S.A. has increased its stake in Fair Isaac Corporation by 26.1%, owning 1,168 shares valued at approximately $2.15 million following a recent filing.
• Several hedge funds have also adjusted their positions, with Brighton Jones LLC increasing its holdings by 168.7% during the fourth quarter.
• Fair Isaac's quarterly earnings report revealed a 19.8% year-over-year revenue increase to $536.42 million, exceeding analyst expectations.

Banco Santander S.A. boosted its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,168 shares of the technology company's stock after purchasing an additional 242 shares during the quarter. Banco Santander S.A.'s holdings in Fair Isaac were worth $2,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after buying an additional 302 shares during the period. World Investment Advisors grew its stake in Fair Isaac by 18.8% in the 4th quarter. World Investment Advisors now owns 177 shares of the technology company's stock worth $352,000 after acquiring an additional 28 shares during the period. Arete Wealth Advisors LLC acquired a new position in Fair Isaac in the fourth quarter valued at $343,000. Prudential PLC boosted its stake in Fair Isaac by 94.9% in the 4th quarter. Prudential PLC now owns 840 shares of the technology company's stock worth $1,672,000 after buying an additional 409 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Fair Isaac during the 4th quarter valued at about $16,302,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Activity

In other news, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction that occurred 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 completion of the sale, the director directly owned 242 shares in the company, valued at approximately $505,175. The trade was a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William J. Lansing sold 6,010 shares of the firm'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 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 disclosure for this sale can be found here. Insiders have sold 19,829 shares of company stock valued at $36,836,320 over the last ninety days. 3.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Fair Isaac in a research note on Thursday, July 17th. Needham & Company LLC reduced their price objective on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Oppenheimer dropped 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 research report on Thursday, July 31st. BMO Capital Markets raised shares of Fair Isaac to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Bank of America began coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $2,163.14.

Fair Isaac Trading Down 4.1%

Shares of Fair Isaac stock traded down $57.00 during mid-day trading on Thursday, reaching $1,336.61. 375,511 shares of the stock were exchanged, compared to its average volume of 264,499. The company has a market cap of $32.08 billion, a price-to-earnings ratio of 52.27, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28. Fair Isaac Corporation has a fifty-two week low of $1,333.62 and a fifty-two week high of $2,402.51. The firm has a 50-day simple moving average of $1,673.40 and a 200 day simple moving average of $1,800.41.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share 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 firm had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same period in the prior year, the business earned $6.25 EPS. The company's revenue for the quarter was up 19.8% 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 has authorized a share buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.