Geneva Capital Management LLC Buys 1,369 Shares of Fair Isaac Corporation (NYSE:FICO)

Key Points

• Geneva Capital Management LLC has increased its holdings in Fair Isaac Corporation by 23.0% in the first quarter, owning a total of 7,315 shares valued at approximately $13.49 million.
• Fair Isaac reported earnings of $8.57 per share, surpassing expectations, with revenue up 19.8% year-over-year, totaling $536.42 million.
• The company's board approved a stock buyback program worth $1.00 billion, indicating management's belief that its stock is currently undervalued.

Geneva Capital Management LLC lifted its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,315 shares of the technology company's stock after purchasing an additional 1,369 shares during the quarter. Geneva Capital Management LLC's holdings in Fair Isaac were worth $13,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Fair Isaac by 7.3% during the 1st 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 last quarter. GAMMA Investing LLC increased its position in shares of Fair Isaac by 286,768.9% during the 1st 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 last quarter. Northern Trust Corp increased its position in shares of 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Fair Isaac by 6.6% during the 4th 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 last quarter. Finally, AustralianSuper Pty Ltd increased its position in shares of Fair Isaac by 7.2% during the 1st quarter. AustralianSuper Pty Ltd now owns 110,314 shares of the technology company's stock valued at $203,437,000 after purchasing an additional 7,456 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of Fair Isaac 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 completion of the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,032 shares of company stock valued at $35,172,583 over the last ninety days. 3.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FICO shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Oppenheimer reduced their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Barclays reduced their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Griffin Securities set a $2,000.00 target price on shares of Fair Isaac in a report on Wednesday, July 9th. Finally, Needham & Company LLC reduced their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $2,163.14.

Fair Isaac Stock Performance

FICO traded down $9.90 during trading on Friday, reaching $1,323.72. 206,524 shares of the company traded hands, compared to its average volume of 265,034. Fair Isaac Corporation has a 12-month low of $1,313.69 and a 12-month high of $2,402.51. The firm has a fifty day simple moving average of $1,666.39 and a 200 day simple moving average of $1,796.55. The company has a market cap of $31.77 billion, a P/E ratio of 51.71, a PEG ratio of 2.71 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company's revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm posted $6.25 EPS. As a group, sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its board has authorized a stock repurchase program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

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.