Fair Isaac Corporation (NYSE:FICO) Holdings Increased by Vanguard Group Inc.

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

Several other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Fair Isaac by 7.3% during the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after buying an additional 26,811 shares during the last quarter. GAMMA Investing LLC lifted its position 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 worth $476,129,000 after purchasing an additional 258,092 shares during the last quarter. Northern Trust Corp lifted 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 worth $506,096,000 after purchasing an additional 42,588 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 worth $486,309,000 after acquiring an additional 15,210 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in Fair Isaac by 7.2% during the 1st quarter. AustralianSuper Pty Ltd now owns 110,314 shares of the technology company's stock worth $203,437,000 after acquiring an additional 7,456 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac 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 transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 completion of the sale, the chief executive officer owned 42,138 shares in the company, 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 three months, insiders sold 19,032 shares of company stock worth $35,172,583. Insiders own 3.46% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on FICO. Wells Fargo & Company dropped 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 note on Wednesday, July 9th. 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 report on Thursday, July 31st. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Needham & Company LLC decreased their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Finally, Raymond James Financial reduced 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, July 31st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $2,163.14.

Fair Isaac Price Performance

NYSE:FICO traded down $5.98 during trading hours on Monday, reaching $1,314.90. 77,428 shares of the company were exchanged, compared to its average volume of 264,463. The firm has a market cap of $31.56 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 2.57 and a beta of 1.28. Fair Isaac Corporation has a 52-week low of $1,305.15 and a 52-week high of $2,402.51. The stock has a 50 day simple moving average of $1,658.17 and a 200 day simple moving average of $1,791.60.

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

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

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.