Financial Advisors Network Inc. Takes $3.44 Million Position in Fair Isaac Corporation $FICO

Key Points

• Financial Advisors Network Inc. has acquired a new position in Fair Isaac Corporation, purchasing 1,867 shares valued at approximately $3.44 million.
• Fair Isaac's stock saw a substantial boost from several institutional investors, with 85.75% of the company's stock now held by institutional investors.
• The company recently reported quarterly earnings of $8.57 per share, exceeding analysts' expectations and indicating a 19.8% year-over-year revenue growth.

Financial Advisors Network Inc. bought a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,867 shares of the technology company's stock, valued at approximately $3,443,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FICO. Vanguard Group Inc. boosted its holdings in Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after acquiring an additional 58,740 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after purchasing an additional 26,811 shares in the last quarter. American Century Companies Inc. boosted its stake in Fair Isaac by 4.7% in the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock worth $712,985,000 after purchasing an additional 17,498 shares in the last quarter. GAMMA Investing LLC grew its position in Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after purchasing an additional 258,092 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Fair Isaac by 20.1% during the 4th 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 in the last quarter. Institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FICO shares. 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 report on Wednesday, May 28th. BMO Capital Markets boosted their price target on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research note on Monday. Oppenheimer cut their price objective on 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 reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $2,148.86.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,342.00 on Monday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The company has a market capitalization of $32.21 billion, a PE ratio of 52.48, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28. The company's fifty day moving average price is $1,614.82 and its 200 day moving average price is $1,773.33.

Fair Isaac (NYSE:FICO - Get Free Report) last released 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. The firm had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $6.25 EPS. On average, equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its board has authorized a stock repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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 stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction dated 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 completion of 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. In the last 90 days, insiders sold 13,021 shares of company stock worth $22,247,892. Company insiders own 3.46% of the company's stock.

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.

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