Mather Group LLC. raised its holdings in Fair Isaac Co. (NYSE:FICO – Free Report) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 122 shares of the technology company’s stock after acquiring an additional 6 shares during the period. Mather Group LLC.’s holdings in Fair Isaac were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in the business. Trust Point Inc. grew its stake in shares of Fair Isaac by 15.7% in the fourth quarter. Trust Point Inc. now owns 192 shares of the technology company’s stock worth $382,000 after acquiring an additional 26 shares during the last quarter. Jennison Associates LLC boosted its holdings in Fair Isaac by 5.4% in the 4th quarter. Jennison Associates LLC now owns 254,282 shares of the technology company’s stock valued at $506,257,000 after purchasing an additional 13,133 shares during the period. Resonant Capital Advisors LLC grew its position in Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock worth $609,000 after purchasing an additional 6 shares during the last quarter. JB Capital LLC bought a new position in shares of Fair Isaac during the 4th quarter worth about $204,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Fair Isaac during the fourth quarter valued at about $261,000. 85.75% of the stock is owned by institutional investors.
Fair Isaac Trading Up 1.8 %
NYSE FICO opened at $1,881.80 on Friday. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The company has a market capitalization of $46.00 billion, a PE ratio of 92.02, a P/E/G ratio of 3.45 and a beta of 1.39. The stock has a 50-day simple moving average of $2,028.91 and a 200 day simple moving average of $1,957.75.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on FICO. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective for the company. Wells Fargo & Company reduced their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays boosted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Finally, Jefferies Financial Group dropped their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research report on Wednesday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,078.15.
View Our Latest Report on Fair Isaac
Insider Buying and Selling at Fair Isaac
In related news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,589 shares of company stock valued at $31,258,963 in the last 90 days. 3.46% of the stock is currently owned by company 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.
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