Optivise Advisory Services LLC Grows Stake in Fair Isaac Corporation $FICO

Optivise Advisory Services LLC raised its stake in Fair Isaac Corporation (NYSE:FICO) by 17.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217 shares of the technology company’s stock after purchasing an additional 33 shares during the quarter. Optivise Advisory Services LLC’s holdings in Fair Isaac were worth $396,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Machina Capital S.A.S. raised its position in Fair Isaac by 7.5% in the second quarter. Machina Capital S.A.S. now owns 243 shares of the technology company’s stock valued at $444,000 after purchasing an additional 17 shares during the period. Westside Investment Management Inc. purchased a new position in Fair Isaac in the second quarter valued at about $26,000. Hutchens & Kramer Investment Management Group LLC raised its position in Fair Isaac by 36.5% in the second quarter. Hutchens & Kramer Investment Management Group LLC now owns 243 shares of the technology company’s stock valued at $448,000 after purchasing an additional 65 shares during the period. South Dakota Investment Council purchased a new position in Fair Isaac in the second quarter valued at about $550,000. Finally, iA Global Asset Management Inc. raised its position in Fair Isaac by 52.2% in the second quarter. iA Global Asset Management Inc. now owns 1,903 shares of the technology company’s stock valued at $3,479,000 after purchasing an additional 653 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Down 0.5%

Shares of Fair Isaac stock opened at $1,651.93 on Tuesday. The firm has a market cap of $39.65 billion, a P/E ratio of 64.60, a P/E/G ratio of 1.63 and a beta of 1.35. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The business has a 50-day moving average price of $1,592.05 and a 200 day moving average price of $1,673.03.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FICO shares. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. UBS Group raised their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. BMO Capital Markets raised their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Finally, Griffin Securities set a $1,800.00 target price on Fair Isaac in a research note on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 4,942 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer directly owned 43,207 shares of the company’s stock, valued at $70,485,307.38. The trade was a 10.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 18,032 shares of company stock valued at $28,094,085 over the last three months. 3.46% of the stock is owned by insiders.

Fair Isaac 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.