Russell Investments Group Ltd. Raises Stock Position in Fair Isaac Corporation $FICO

Key Points

• Russell Investments Group Ltd. increased its stake in Fair Isaac Corporation by 32.0%, acquiring an additional 6,191 shares to own a total of 25,549 shares valued at approximately $47 million.
• Several large investors have also made significant movements, with Hollencrest Capital Management boosting their stake by 766.7% in the first quarter.
• Fair Isaac's stock has seen fluctuations in analyst ratings and price targets, with some revisions setting the average target price at $2,163.14, while the company recently reported an EPS of $8.57 that beat expectations.

Russell Investments Group Ltd. increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 32.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,549 shares of the technology company's stock after purchasing an additional 6,191 shares during the period. Russell Investments Group Ltd. owned about 0.10% of Fair Isaac worth $47,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the period. Sagespring Wealth Partners LLC bought a new stake in shares of Fair Isaac in the 4th quarter worth about $269,000. CreativeOne Wealth LLC acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $440,000. XTX Topco Ltd bought a new stake in Fair Isaac during the fourth quarter worth about $500,000. Finally, Jump Financial LLC bought a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $4,280,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Up 1.5%

Shares of NYSE FICO traded up $20.37 during trading on Monday, hitting $1,363.53. The company had a trading volume of 102,035 shares, compared to its average volume of 266,507. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The stock has a fifty day simple moving average of $1,614.82 and a two-hundred day simple moving average of $1,773.33. The firm has a market capitalization of $32.72 billion, a price-to-earnings ratio of 53.37, a price-to-earnings-growth ratio of 2.62 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 for the quarter, beating analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same quarter last year, the firm posted $6.25 EPS. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. On average, analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a share 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 buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction dated 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 of the company's stock, valued at approximately $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,021 shares of company stock worth $22,247,892. Insiders own 3.46% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a research note on Monday. Needham & Company LLC lowered their price target on 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. Jefferies Financial Group restated a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. 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 for the company in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and an average price target of $2,134.57.

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.