Roberts Capital Advisors LLC Acquires New Holdings in Fair Isaac Corporation (NYSE:FICO)

Key Points

• Roberts Capital Advisors LLC has acquired a new stake in Fair Isaac Corporation, purchasing 325 shares valued at approximately $599,000.
• Other institutional investors significantly increased their stakes in Fair Isaac, with GAMMA Investing LLC raising its position by 286,768.9%.
• Fair Isaac recently had a quarterly earnings report showing $8.57 EPS, exceeding analyst expectations, and announced a $1.00 billion share buyback plan.

Roberts Capital Advisors LLC acquired a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 325 shares of the technology company's stock, valued at approximately $599,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FICO. GAMMA Investing LLC raised its position in Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after acquiring an additional 258,092 shares during the period. Millennium Management LLC raised its position in Fair Isaac by 663.1% in the fourth quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock worth $215,715,000 after acquiring an additional 94,150 shares during the period. Nuveen LLC bought a new stake in shares of Fair Isaac during the 1st quarter valued at $114,864,000. Vanguard Group Inc. raised its position in shares of Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the period. Finally, Northern Trust Corp raised 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 period. Institutional investors own 85.75% of the company's stock.

Insiders Place Their Bets

In other news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the firm'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 completion of the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,021 shares of company stock valued at $22,247,892 over the last three months. Corporate insiders own 3.46% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FICO. Griffin Securities set a $2,000.00 price objective on shares of Fair Isaac in a research report on Wednesday, July 9th. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. Oppenheimer decreased their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a research report on Thursday, July 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Two equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $2,163.14.

Fair Isaac Stock Up 1.8%

Shares of NYSE:FICO opened at $1,342.00 on Friday. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The stock has a market capitalization of $32.21 billion, a P/E ratio of 52.48, a PEG ratio of 2.57 and a beta of 1.28. The firm has a fifty day simple moving average of $1,614.82 and a two-hundred day simple moving average of $1,774.58.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million during the quarter, compared to analysts' expectations of $520.40 million. During the same period last year, the company posted $6.25 EPS. The business's revenue was up 19.8% on a year-over-year basis. On average, analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has authorized a share repurchase plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

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.

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