Optivise Advisory Services LLC Makes New Investment in Fair Isaac Corporation (NYSE:FICO)

Optivise Advisory Services LLC purchased a new stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 184 shares of the technology company's stock, valued at approximately $338,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Fair Isaac by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after buying an additional 22,178 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fair Isaac by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after buying an additional 5,371 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Fair Isaac by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after buying an additional 17,656 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Fair Isaac by 286,768.9% during the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after buying an additional 258,092 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Fair Isaac by 20.1% in the fourth 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. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,492,399.16. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president now owns 9,974 shares of the company's stock, valued at $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,851 shares of company stock worth $40,543,770 in the last three months. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Stock Up 2.5%

FICO traded up $44.25 during mid-day trading on Friday, reaching $1,807.89. 261,274 shares of the company traded hands, compared to its average volume of 193,292. The stock has a market capitalization 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. The company's fifty day moving average price is $1,888.42 and its 200-day moving average price is $1,898.92. Fair Isaac Corporation has a 52-week low of $1,410.66 and a 52-week high of $2,402.52.

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

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

Analyst Ratings Changes

Several research firms recently issued reports on FICO. Barclays cut their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Royal Bank Of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Needham & Company LLC reissued a "buy" rating and issued a $2,575.00 price target on shares of Fair Isaac in a research report on Friday. Finally, Bank of America assumed coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.