Peak Financial Advisors LLC Takes $2.88 Million Position in Fair Isaac Co. (NYSE:FICO)

Peak Financial Advisors LLC bought a new stake in Fair Isaac Co. (NYSE:FICO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,560 shares of the technology company's stock, valued at approximately $2,877,000. Fair Isaac comprises about 1.5% of Peak Financial Advisors LLC's investment portfolio, making the stock its 24th largest holding.

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

Fair Isaac Price Performance

Fair Isaac stock traded up $3.36 during midday trading on Friday, hitting $1,775.26. 176,306 shares of the company were exchanged, compared to its average volume of 190,418. The company's fifty day moving average price is $1,889.21 and its 200-day moving average price is $1,938.88. Fair Isaac Co. has a fifty-two week low of $1,287.99 and a fifty-two week high of $2,402.52. The company has a market cap of $43.21 billion, a PE ratio of 81.47, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29.

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 (EPS) for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period in the prior year, the company posted $6.14 EPS. Fair Isaac's quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Activity

In other news, Director Marc F. Mcmorris sold 797 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director now owns 242 shares of the company's stock, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 5,419 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $2,147.97, for a total value of $11,639,849.43. Following the completion of the sale, the chief executive officer now owns 42,730 shares of the company's stock, valued at approximately $91,782,758.10. This trade represents a 11.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,933 shares of company stock worth $35,250,629. 3.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Raymond James reaffirmed an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Needham & Company LLC upped their target price on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $2,500.00 target price (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their target price for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Finally, Oppenheimer upped their target price on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. 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. Based on data from MarketBeat.com, the stock presently 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.