WESPAC Advisors LLC Has $234,000 Stock Holdings in Fair Isaac Corporation (NYSE:FICO)

WESPAC Advisors LLC cut its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 73.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127 shares of the technology company's stock after selling 347 shares during the period. WESPAC Advisors LLC's holdings in Fair Isaac were worth $234,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FICO. Cerity Partners LLC lifted its position in Fair Isaac by 42.9% in the 1st quarter. Cerity Partners LLC now owns 2,241 shares of the technology company's stock valued at $4,133,000 after acquiring an additional 673 shares in the last quarter. Alps Advisors Inc. lifted its position in Fair Isaac by 11.8% in the 1st quarter. Alps Advisors Inc. now owns 747 shares of the technology company's stock valued at $1,378,000 after acquiring an additional 79 shares in the last quarter. Allworth Financial LP lifted its position in Fair Isaac by 11.0% in the 1st quarter. Allworth Financial LP now owns 111 shares of the technology company's stock valued at $215,000 after acquiring an additional 11 shares in the last quarter. Bridges Investment Management Inc. lifted its position in shares of Fair Isaac by 8.2% during the 1st quarter. Bridges Investment Management Inc. now owns 434 shares of the technology company's stock worth $800,000 after buying an additional 33 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in shares of Fair Isaac by 20.4% during the 1st quarter. Axxcess Wealth Management LLC now owns 189 shares of the technology company's stock worth $349,000 after buying an additional 32 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FICO has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $2,575.00 target price on shares of Fair Isaac in a research report on Friday, June 20th. Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price on the stock. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their target price for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $2,263.29.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,540.70 on Friday. The company's fifty day simple moving average is $1,845.09 and its two-hundred day simple moving average is $1,861.59. Fair Isaac Corporation has a 1 year low of $1,484.29 and a 1 year high of $2,402.52. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 66.35, a PEG ratio of 2.54 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last issued 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 net margin of 31.36% and a negative return on equity of 51.41%. The business had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same quarter in the previous year, the firm posted $6.14 EPS. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

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

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the transaction, the director owned 242 shares of the company's stock, valued at $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,906 shares of company stock worth $45,222,913. 3.46% of the stock is owned by insiders.

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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