Edgestream Partners L.P. Buys 63 Shares of Fair Isaac Co. (NYSE:FICO)

Edgestream Partners L.P. raised its stake in Fair Isaac Co. (NYSE:FICO) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 771 shares of the technology company’s stock after acquiring an additional 63 shares during the quarter. Edgestream Partners L.P.’s holdings in Fair Isaac were worth $1,498,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after purchasing an additional 538,071 shares during the period. AustralianSuper Pty Ltd increased its position in Fair Isaac by 1,270.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after buying an additional 67,931 shares during the period. FMR LLC lifted its holdings in shares of Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after buying an additional 65,297 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after acquiring an additional 62,653 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Fair Isaac by 231.8% in the second quarter. Sei Investments Co. now owns 69,127 shares of the technology company’s stock valued at $102,908,000 after acquiring an additional 48,294 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on FICO. Wells Fargo & Company lifted their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer boosted their price target on Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a research note on Monday. Needham & Company LLC increased their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $1,998.75.

Insiders Place Their Bets

In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the transaction, the executive vice president now owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,390 shares of company stock valued at $21,901,887. 3.54% of the stock is currently owned by insiders.

Fair Isaac Price Performance

FICO stock opened at $2,345.32 on Wednesday. The stock has a market cap of $57.11 billion, a price-to-earnings ratio of 114.69, a P/E/G ratio of 4.29 and a beta of 1.36. The company has a 50 day simple moving average of $2,109.07 and a 200 day simple moving average of $1,770.72. Fair Isaac Co. has a 1 year low of $1,099.74 and a 1 year high of $2,402.51.

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.