Fair Isaac Corporation (NYSE:FICO) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 31.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,811 shares of the technology company's stock after selling 814 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Fair Isaac were worth $3,340,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FICO. Rakuten Securities Inc. grew its position in shares of Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac in the 4th quarter worth approximately $26,000. Avalon Trust Co acquired a new position in shares of Fair Isaac in the 4th quarter worth approximately $40,000. OFI Invest Asset Management acquired a new position in shares of Fair Isaac in the 4th quarter worth approximately $42,000. Finally, Colonial Trust Co SC boosted its position in 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 purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Stock Up 2.5%

Shares of NYSE FICO opened at $1,807.89 on Friday. Fair Isaac Corporation has a fifty-two week low of $1,410.66 and a fifty-two week high of $2,402.52. The firm's 50-day simple moving average is $1,888.42 and its 200 day simple moving average is $1,898.92. The stock has a market cap of $44.00 billion, a P/E ratio of 77.86, a P/E/G ratio of 2.96 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The firm had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same period in the previous year, the business earned $6.14 earnings per share. Fair Isaac's revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its board has authorized a stock buyback plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,851 shares of company stock worth $40,543,770. Company insiders own 3.46% of the company's stock.

Analyst Ratings Changes

FICO has been the subject of a number of analyst reports. Jefferies Financial Group restated a "buy" rating and set a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price objective for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Barclays reduced their price objective 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. Raymond James Financial restated an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Finally, Bank of America initiated coverage on Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,304.15.

Fair Isaac Company 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.

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