University of Texas Texas AM Investment Management Co. Has $4.69 Million Stock Position in Fair Isaac Corporation (NYSE:FICO)

Key Points

• University of Texas Texas AM Investment Management Co. increased its stake in Fair Isaac Corporation by 133.6%, bringing its investment to $4.69 million.
• Fair Isaac's shares recently saw a price objective adjustment from $2,600.00 to $2,300.00 by Wells Fargo, while Oppenheimer set a target price of $2,300.00 with an "outperform" rating.
• The company initiated a $1 billion share buyback program, allowing it to repurchase up to 2.3% of its outstanding shares, indicating the board believes the stock is undervalued.

University of Texas Texas AM Investment Management Co. raised its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 133.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,542 shares of the technology company's stock after buying an additional 1,454 shares during the period. Fair Isaac comprises about 0.8% of University of Texas Texas AM Investment Management Co.'s investment portfolio, making the stock its 27th biggest position. University of Texas Texas AM Investment Management Co.'s holdings in Fair Isaac were worth $4,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Fair Isaac by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock worth $1,318,630,000 after purchasing an additional 17,656 shares during the period. Principal Financial Group Inc. lifted its position in 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 acquiring an additional 26,811 shares during the period. GAMMA Investing LLC increased its stake in 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 in the last quarter. Northern Trust Corp increased its stake in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 in the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Down 8.2%

FICO stock traded down $124.95 on Thursday, reaching $1,402.85. 510,476 shares of the company's stock were exchanged, compared to its average volume of 255,865. The stock has a fifty day moving average of $1,699.45 and a 200-day moving average of $1,819.99. Fair Isaac Corporation has a twelve month low of $1,354.47 and a twelve month high of $2,402.51. The firm has a market cap of $34.15 billion, a PE ratio of 60.43, a P/E/G ratio of 2.43 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The company had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same quarter in the prior year, the company earned $6.25 earnings per share. Fair Isaac's revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts predict that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several brokerages have weighed in on FICO. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price target for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Bank of America began coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Raymond James Financial lowered their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Oppenheimer lowered their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $2,163.14.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 1,862 shares in the company, valued at $3,236,621.50. This trade represents a 34.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was 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 in the company, valued at approximately $69,432,864.62. This represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,906 shares of company stock worth $45,222,913 in the last ninety days. 3.46% of the stock is owned by corporate insiders.

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.