Fair Isaac Co. (NYSE:FICO) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 286,768.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,182 shares of the technology company's stock after buying an additional 258,092 shares during the quarter. GAMMA Investing LLC owned about 1.06% of Fair Isaac worth $476,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Resonant Capital Advisors LLC increased its position in Fair Isaac by 2.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock valued at $609,000 after acquiring an additional 6 shares during the last quarter. Mather Group LLC. grew its holdings in Fair Isaac by 5.2% in the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company's stock worth $243,000 after purchasing an additional 6 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock valued at $1,236,000 after buying an additional 6 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Fair Isaac by 1.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 403 shares of the technology company's stock valued at $802,000 after purchasing an additional 6 shares during the period. Finally, Meiji Yasuda Life Insurance Co increased its stake in shares of Fair Isaac by 1.0% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock valued at $1,210,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

FICO traded up $10.25 on Wednesday, reaching $1,751.80. 66,458 shares of the company's stock were exchanged, compared to its average volume of 188,756. The company's 50 day moving average is $1,894.10 and its 200-day moving average is $1,949.73. The company has a market cap of $42.64 billion, a price-to-earnings ratio of 80.39, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a twelve month low of $1,285.27 and a twelve month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company's revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.14 EPS. Sell-side analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Analyst Ratings Changes

FICO has been the subject of several research reports. Raymond James reiterated an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Barclays decreased their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Finally, Needham & Company LLC increased their price objective on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $2,304.15.

Insider Activity

In other news, CEO William J. Lansing sold 5,419 shares of Fair Isaac stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $2,147.97, for a total transaction of $11,639,849.43. Following the sale, the chief executive officer now owns 42,730 shares in the company, valued at $91,782,758.10. This trade represents a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac 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 sale, the executive vice president now owns 9,974 shares of the company's stock, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,933 shares of company stock worth $35,250,629 over the last 90 days. Company insiders own 3.46% of the company's stock.

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.