TimesSquare Capital Management LLC Invests $39.03 Million in Fair Isaac Corporation (NYSE:FICO)

TimesSquare Capital Management LLC purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,164 shares of the technology company's stock, valued at approximately $39,030,000. TimesSquare Capital Management LLC owned 0.09% of Fair Isaac as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FICO. GAMMA Investing LLC boosted its stake 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 buying an additional 258,092 shares during the period. Norges Bank purchased a new stake in shares of Fair Isaac during the fourth quarter worth $442,369,000. Arrowstreet Capital Limited Partnership boosted its position in Fair Isaac by 376.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock valued at $321,790,000 after purchasing an additional 127,679 shares during the last quarter. Millennium Management LLC boosted its position in Fair Isaac by 663.1% during the fourth quarter. Millennium Management LLC now owns 108,349 shares of the technology company's stock valued at $215,715,000 after purchasing an additional 94,150 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Fair Isaac by 20.1% in the fourth 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. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president directly owned 9,974 shares in the company, valued at $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the transaction, the chief executive officer directly owned 44,338 shares of the company's stock, valued at approximately $69,432,864.62. The trade was a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,906 shares of company stock valued at $45,222,913. 3.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FICO shares. Oppenheimer raised their price target on Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Raymond James Financial restated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. 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, Barclays reduced their price target on 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. Two investment 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, Fair Isaac has a consensus rating of "Buy" and an average price target of $2,263.29.

Fair Isaac Stock Down 2.8%

Fair Isaac stock opened at $1,540.70 on Monday. The business has a 50 day moving average price of $1,845.09 and a two-hundred day moving average price of $1,858.49. Fair Isaac Corporation has a 12 month low of $1,484.29 and a 12 month high of $2,402.52. The stock has a market cap of $37.50 billion, a price-to-earnings ratio of 66.35, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28.

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

Fair Isaac announced that its Board of Directors has initiated a share repurchase program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership 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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