Vanguard Group Inc. Purchases 58,740 Shares of Fair Isaac Corporation (NYSE:FICO)

Key Points

• Vanguard Group Inc. increased its stake in Fair Isaac Corporation (NYSE:FICO) by 2.0%, now owning 12.17% of the company, valued at approximately $5.46 billion.
• Fair Isaac reported earnings of $8.57 per share for the last quarter, exceeding estimates by $0.82 and showing a 19.8% year-over-year revenue increase.
• The company has initiated a $1.00 billion share repurchase plan, indicating that the board believes its stock is undervalued.

Vanguard Group Inc. raised its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,962,434 shares of the technology company's stock after purchasing an additional 58,740 shares during the quarter. Vanguard Group Inc. owned approximately 12.17% of Fair Isaac worth $5,463,202,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FICO. Pinnacle Holdings LLC bought a new position in Fair Isaac in the 4th quarter valued at $26,000. N.E.W. Advisory Services LLC bought a new position in Fair Isaac in the 1st quarter valued at $30,000. Meeder Asset Management Inc. boosted its position in Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares during the last quarter. Mechanics Financial Corp bought a new stake in shares of Fair Isaac during the 1st quarter valued at $46,000. Finally, Colonial Trust Co SC raised its position in shares of Fair Isaac by 71.4% during the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Down 1.1%

Shares of FICO stock traded down $14.34 during trading hours on Friday, hitting $1,319.28. 308,597 shares of the company were exchanged, compared to its average volume of 371,043. The business has a 50 day moving average of $1,658.17 and a two-hundred day moving average of $1,792.59. Fair Isaac Corporation has a 52 week low of $1,313.69 and a 52 week high of $2,402.51. The company has a market capitalization of $31.66 billion, a PE ratio of 51.59, a PEG ratio of 2.60 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the prior year, the firm earned $6.25 earnings per share. The firm's revenue was up 19.8% compared to the same quarter last year. On average, research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has approved 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 reacquire up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have commented on FICO shares. Griffin Securities set a $2,000.00 target price on shares of Fair Isaac in a research report on Wednesday, July 9th. Raymond James Financial dropped their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a research report on Thursday, July 10th. Finally, Barclays dropped their target price on shares of 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 analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $2,163.14.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction on 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 sale, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the sale, 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 19,032 shares of company stock valued at $35,172,583 in the last three months. 3.46% of the stock is owned by 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.