Fisher Investments' 4th Quarter New Buys

Firm buys holding in America Movil and CoreLogic

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Jan 26, 2016
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Ken Fisher (Trades, Portfolio) is the CEO and CIO of Fisher Investments. The following stocks are a few of the firm's new buys during the fourth quarter.

The firm acquired 4,369,195 shares in America Movil SAB de CVÂ (AMX) with an impact of 0.12% on the portfolio. The investor now holds 0.13% of the company’s outstanding shares.

GuruFocus gives the company a profitability and growth rating of 8 out of 10, with easy returns of ROE 17.59% and ROA 2.67% that are outperforming 51% of the companies in the Global Telecom Services industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.18 that is above the industry median of 0.43.

The company is engaged in providing telecommunications services in 25 countries throughout the U.S., Latin America, Caribbean and Europe. Third quarter revenues were up 1.2% from the prior year.

Manning & Napier Advisors is largest shareholder of the company among the gurus with 0.42% of outstanding shares, followed by Charles Brandes (Trades, Portfolio) with 0.13%, Jim Simons (Trades, Portfolio) with 0.08%, Sarah Ketterer (Trades, Portfolio) with 0.03% and Jeff Auxier (Trades, Portfolio) with 0.01%.

The investor bought 1,151,384 shares in Artisan Partners Asset Management Inc. (APAM) with an impact of 0.08% on the portfolio.Â

GuruFocus gives the company a profitability and growth rating of 6 out of 10, with strong returns of ROE 57.99% and ROA 8.53% that are outperforming 79% of the companies in the Global Asset Management industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 1.14.

It is an independent investment management firm that provides a range of 13 equity investment strategies spanning different market capitalization segments and investing styles in both U.S. and non-U.S. markets. In the third quarter, total AUM was negatively impacted by the significant decline in world-wide equity markets and by net client cash outflows. GAAP operating margin was 35.6% compared to 37% for the second quarter, and adjusted operating margin decreased to 40.9% from 42.1% for the second quarter.

The company’s largest shareholder among the gurus is Chuck Royce (Trades, Portfolio) with 3.2% of outstanding shares, followed by Ron Baron (Trades, Portfolio) with 1.73% and Jim Simons (Trades, Portfolio) with 0.17%.

The firm acquired 277,643 shares in CoreLogic Inc. (CLGX) with an impact of 0.02% on the portfolio. The firm now holds 0.31% of the company’s outstanding shares.

GuruFocus gives the company a profitability and growth rating of 6 out of 10, with ROE of 10.30% and ROA of 2.96%. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.13 that is below the industry median of 1.27.

The company is a provider of property, financial and consumer information, analytics and services to mortgage originators and servicers, financial institutions and other businesses and government-sponsored enterprises.

Columbia Wanger (Trades, Portfolio) is the largest shareholder among the gurus with 1.85% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.43%, Pioneer Investments (Trades, Portfolio) with 0.18%, Steven Cohen (Trades, Portfolio) with 0.05%, Paul Tudor Jones (Trades, Portfolio) with 0.05% and Joel Greenblatt (Trades, Portfolio) with 0.05%.

The firm acquired 417,225 shares in Nuance Communications Inc. (NUAN) with an impact of 0.02% on the portfolio.Â

GuruFocus gives the company a profitability and growth rating of 7 out of 10, with negative returns of ROE -4.74% and ROA -2.02% that are underperforming 71% of the companies in the Global Software - Application industry. Financial strength has a rating of 4 out of 10, with a cash-to-debt of 0.25 that is far below the industry median of 7.42.

The company is a provider of voice and language solutions for businesses and consumers around the world. Its third quarter fiscal 2015 non-GAAP operating margin was 26.4%, up from 23.5% in the third quarter of fiscal 2014. The company delivered revenue and EPS that exceeded its non-GAAP guidance ranges, and net new bookings that have them on track to its full fiscal year guidance.

The company’s largest shareholder among the gurus is Carl Icahn (Trades, Portfolio) with 19.63% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 4.56%, Pioneer Investments (Trades, Portfolio) with 0.43%, Jim Simons (Trades, Portfolio) with 0.22%, Joel Greenblatt (Trades, Portfolio) with 0.03%, Paul Tudor Jones (Trades, Portfolio) with 0.02% and Ray Dalio (Trades, Portfolio) with 0.01%.

The firm bought 511,172 shares in Progress Software Corporation (PRGS) with an impact of 0.02% on the portfolio.

GuruFocus gives the company a profitability and growth rating of 5 out of 10, with negative returns of ROE -1.66% and ROA -1.04% that are underperforming 68% of the companies in the Global Software - Application industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 1.67 that is below the industry median of 7.42.

It is a software company that enables organizations to achieve higher levels of business performance by improving their operational responsiveness.

Fisher is the largest guru shareholder, followed by Third Avenue Management (Trades, Portfolio) with 0.51% and Jim Simons (Trades, Portfolio) with 0.39%.

The firm acquired 42,386 shares in Ansys Inc. (ANSS) with an impact of 0.01% on the portfolio.

GuruFocus gives the company a profitability and growth rating of 9 out of 10, with easy returns of ROE 11.47% and ROA 9.28% that are outperforming 67% of the companies in the Global Software - Application industry. Financial strength has a rating of 9 out of 10 with no debt.

The company develops and markets engineering software and services used by engineers, designers, researchers and students across a broad spectrum of industries and academia.Â

The company’s largest shareholder among the gurus is Ron Baron (Trades, Portfolio) with 3.71% of outstanding shares, followed by Columbia Wanger (Trades, Portfolio) with 2.35%, Manning & Napier Advisors, Inc with 0.83%, Meridian Funds (Trades, Portfolio) with 0.51%, Chuck Royce (Trades, Portfolio) with 0.16% and John Rogers (Trades, Portfolio) with 0.12%.

The firm acquired 125,013 shares in Bottomline Technologies Inc. (EPAY) with an impact of 0.01% on the portfolio.

GuruFocus gives the company a profitability and growth rating of 5 out of 10, with weak returns of ROE -10.04% and ROA -5.29% that are underperforming 75% of the companies in the Global Software - Application industry. Financial strength has a rating of 3 out of 10, with a cash-to-debt of 0.79 that is far below the industry median of 7.42.

The company provides trusted and easy-to-use set of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run on-site at the customer's location.

Ron Baron (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.28% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.97%, Chuck Royce (Trades, Portfolio) with 0.33%.

The firm acquired 50,300 shares in LogMeIn Inc. (LOGM) with an impact of 0.01% on the portfolio.Â

GuruFocus gives the company a profitability and growth rating of 7 out of 10, with easy returns of ROE 6.52% and ROA 3.42% that are outperforming 52% of the companies in the Global Software - Application industry. Financial strength has a rating of 9 out of 10.

The company provides a portfolio of secure, easy-to-use cloud-based offerings aimed at addressing the evolving needs of businesses, their employees and their customers in today's universally connected world. Third quarter revenue grew 20% compared with the third quarter of 2014 and adjusted EBITDA margin was 27.9%, versus 22.9% in the same quarter of a year before.

The largest shareholder among the gurus is RS Investment Management (Trades, Portfolio) with 11.82% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 1.94% and Joel Greenblatt (Trades, Portfolio) with 0.06%.