Calamos Advisors LLC Acquires 201 Shares of Fair Isaac Corporation (NYSE:FICO)

Calamos Advisors LLC lifted its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 18.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,268 shares of the technology company's stock after buying an additional 201 shares during the period. Calamos Advisors LLC's holdings in Fair Isaac were worth $2,338,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FICO. Brighton Jones LLC boosted its holdings in shares of Fair Isaac by 168.7% in the 4th 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 last quarter. Jones Financial Companies Lllp boosted its stake in Fair Isaac by 94.1% in the fourth quarter. Jones Financial Companies Lllp now owns 132 shares of the technology company's stock valued at $263,000 after acquiring an additional 64 shares during the last quarter. Assetmark Inc. grew its position in shares of Fair Isaac by 33.3% during the 4th quarter. Assetmark Inc. now owns 104 shares of the technology company's stock valued at $207,000 after acquiring an additional 26 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Fair Isaac during the 4th quarter valued at approximately $261,610,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Fair Isaac during the 4th quarter worth approximately $68,000. 85.75% of the stock is owned by institutional investors.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction 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 sale, the chief executive officer owned 42,138 shares in the company, valued at approximately $74,492,399.16. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the transaction, the executive vice president directly owned 9,974 shares in the company, valued at approximately $20,517,016.70. This represents a 29.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,895 shares of company stock valued at $35,337,869. Company insiders own 3.46% of the company's stock.

Fair Isaac Trading Down 8.8%

Shares of FICO traded down $164.72 during mid-day trading on Tuesday, reaching $1,705.11. 1,364,578 shares of the stock traded hands, compared to its average volume of 199,902. The company has a market cap of $41.50 billion, a price-to-earnings ratio of 73.43, a price-to-earnings-growth ratio of 3.00 and a beta of 1.28. Fair Isaac Corporation has a 1 year low of $1,484.29 and a 1 year high of $2,402.52. The firm has a fifty day moving average price of $1,871.63 and a 200 day moving average price of $1,870.80.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same quarter last year, the firm posted $6.14 EPS. The company's revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback program on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FICO shares. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price objective for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Needham & Company LLC reissued a "buy" rating and issued a $2,575.00 price objective on shares of Fair Isaac in a report on Friday, June 20th. Jefferies Financial Group restated a "buy" rating and issued a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Barclays cut their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Finally, Oppenheimer lifted their target price on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research note on Tuesday. Two equities research 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 stock. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of "Moderate Buy" and an average price target of $2,304.69.

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.