1,739 Shares in Fair Isaac Corporation (NYSE:FICO) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired a new stake in Fair Isaac Corporation, purchasing 1,739 shares valued at approximately $3.2 million during the 1st quarter.
• Several hedge funds increased their positions in Fair Isaac, with GSA Capital Partners LLP boosting its stake by 503.6%, now owning 996 shares worth about $1.8 million.
• Fair Isaac announced a $1 billion share repurchase plan, indicating management's belief that the stock is undervalued, as the company's shares are currently trading lower compared to their recent highs.

Banque Cantonale Vaudoise acquired a new position in Fair Isaac Corporation (NYSE:FICO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,739 shares of the technology company's stock, valued at approximately $3,207,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Fair Isaac by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after acquiring an additional 17,656 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Fair Isaac by 7.3% during the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after purchasing an additional 26,811 shares during the period. GAMMA Investing LLC grew its holdings in Fair Isaac by 286,768.9% during the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after purchasing an additional 258,092 shares during the period. Northern Trust Corp grew its holdings in Fair Isaac by 20.1% during the fourth quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock valued at $506,096,000 after purchasing an additional 42,588 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Fair Isaac by 6.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 244,262 shares of the technology company's stock valued at $486,309,000 after purchasing an additional 15,210 shares during the period. 85.75% of the stock is owned by hedge funds and other 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 dated 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 owned 42,138 shares in the company, valued at $74,492,399.16. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the transaction, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. This trade represents a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,829 shares of company stock worth $36,836,320 in the last 90 days. Company insiders own 3.46% of the company's stock.

Fair Isaac Stock Down 3.7%

Shares of NYSE FICO traded down $53.25 during midday trading on Friday, reaching $1,383.47. The company had a trading volume of 798,467 shares, compared to its average volume of 395,901. Fair Isaac Corporation has a one year low of $1,350.00 and a one year high of $2,402.51. The firm's fifty day moving average price is $1,687.81 and its 200-day moving average price is $1,812.84. The stock has a market cap of $33.67 billion, a PE ratio of 54.11, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The company had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the previous year, the business earned $6.25 EPS. Fair Isaac's revenue was up 19.8% compared to the same quarter last year. As a group, equities research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board 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 buy up to 2.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

FICO has been the subject of several research reports. Barclays reduced their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Oppenheimer cut their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a report on Thursday. Raymond James Financial cut their price target on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Griffin Securities set a $2,000.00 price target on Fair Isaac in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of "Buy" and a consensus price target 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.