Los Angeles Capital Management LLC Boosts Holdings in Fair Isaac Corporation (NYSE:FICO)

Los Angeles Capital Management LLC increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 3,123.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,155 shares of the technology company's stock after acquiring an additional 6,933 shares during the quarter. Los Angeles Capital Management LLC's holdings in Fair Isaac were worth $13,195,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after acquiring an additional 302 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Fair Isaac by 804.8% in the 4th quarter. Teacher Retirement System of Texas now owns 1,493 shares of the technology company's stock valued at $2,972,000 after purchasing an additional 1,328 shares during the last quarter. Quantbot Technologies LP bought a new stake in Fair Isaac in the fourth quarter worth $2,803,000. Mizuho Securities USA LLC raised its holdings in Fair Isaac by 45.2% during the fourth quarter. Mizuho Securities USA LLC now owns 2,308 shares of the technology company's stock valued at $4,595,000 after buying an additional 718 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Fair Isaac in the fourth quarter worth about $27,136,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of Fair Isaac stock in a transaction that occurred on Friday, May 9th. The stock was 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 owned 242 shares in the company, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,906 shares of company stock valued at $45,222,913. Company insiders own 3.46% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on FICO. Wells Fargo & Company decreased their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday. Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Oppenheimer lifted their target price on Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Finally, BMO Capital Markets raised Fair Isaac to a "strong-buy" rating in a research note on Thursday, July 10th. Two 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $2,218.64.

Fair Isaac Trading Down 0.4%

Shares of FICO stock traded down $6.69 during trading on Monday, hitting $1,534.93. The company's stock had a trading volume of 252,680 shares, compared to its average volume of 208,667. The company has a market cap of $37.36 billion, a PE ratio of 73.59, a P/E/G ratio of 2.49 and a beta of 1.28. The business has a fifty day moving average of $1,789.28 and a 200-day moving average of $1,841.88. Fair Isaac Corporation has a 52 week low of $1,477.12 and a 52 week high of $2,402.52.

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

Fair Isaac announced that its Board of Directors 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 typically an indication that the company's board believes its shares are 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.