Wealth Enhancement Advisory Services LLC Increases Holdings in Fair Isaac Corporation (NYSE:FICO)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 207.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,085 shares of the technology company's stock after buying an additional 3,433 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Fair Isaac were worth $9,378,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nebula Research & Development LLC purchased a new stake in shares of Fair Isaac in the 4th quarter worth $2,540,000. Brighton Jones LLC increased its stake in shares of Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares in the last quarter. Allstate Corp purchased a new stake in shares of Fair Isaac in the 4th quarter worth $1,441,000. Tidal Investments LLC increased its stake in shares of Fair Isaac by 692.2% in the 4th quarter. Tidal Investments LLC now owns 14,133 shares of the technology company's stock worth $28,138,000 after purchasing an additional 12,349 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Fair Isaac by 94.1% in the 4th quarter. Jones Financial Companies Lllp now owns 132 shares of the technology company's stock worth $263,000 after purchasing an additional 64 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Up 4.2%

FICO opened at $1,881.25 on Tuesday. The firm has a 50-day simple moving average of $1,887.40 and a two-hundred day simple moving average of $1,892.19. Fair Isaac Corporation has a 52 week low of $1,410.66 and a 52 week high of $2,402.52. The company has a market capitalization of $45.79 billion, a PE ratio of 81.02, a price-to-earnings-growth ratio of 2.96 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating 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 business had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the prior year, the firm earned $6.14 EPS. The business's revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

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

Wall Street Analyst Weigh In

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

Insider Activity at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer now owns 1,862 shares of the company's stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $74,210,495.94. The trade was a 6.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,851 shares of company stock valued at $40,543,770. Insiders own 3.46% of the company's stock.

About Fair Isaac

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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