Wedbush Securities Inc. bought a new stake in Fair Isaac Co. (NYSE:FICO) during the first quarter, HoldingsChannel reports. The fund bought 1,551 shares of the technology company’s stock, valued at approximately $754,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FICO. Carmichael Hill & Associates Inc. bought a new position in Fair Isaac in the fourth quarter valued at $26,000. Carroll Financial Associates Inc. bought a new position in Fair Isaac in the first quarter valued at $26,000. First Horizon Advisors Inc. increased its stake in Fair Isaac by 31.2% in the fourth quarter. First Horizon Advisors Inc. now owns 101 shares of the technology company’s stock valued at $51,000 after acquiring an additional 24 shares during the last quarter. Parallel Advisors LLC boosted its position in Fair Isaac by 33.7% during the fourth quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock valued at $59,000 after buying an additional 29 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new stake in Fair Isaac during the fourth quarter valued at about $61,000. 84.94% of the stock is currently owned by institutional investors and hedge funds.
In other Fair Isaac news, EVP James M. Wehmann sold 12,928 shares of the firm’s stock in a transaction dated Tuesday, March 30th. The shares were sold at an average price of $482.82, for a total value of $6,241,896.96. Following the completion of the sale, the executive vice president now directly owns 50,133 shares in the company, valued at $24,205,215.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James M. Wehmann sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $474.73, for a total transaction of $7,120,950.00. Following the completion of the sale, the executive vice president now owns 64,920 shares of the company’s stock, valued at $30,819,471.60. The disclosure for this sale can be found here. Insiders sold 42,928 shares of company stock valued at $20,646,547 over the last 90 days. 3.81% of the stock is currently owned by company insiders.
Several analysts have issued reports on FICO shares. Jefferies Financial Group upped their price target on shares of Fair Isaac from $475.00 to $490.00 and gave the company a “hold” rating in a research report on Monday, January 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Fair Isaac in a research report on Wednesday, January 20th. They set a “buy” rating and a $560.00 price target for the company. Barclays upped their price target on shares of Fair Isaac from $565.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, April 28th. Zacks Investment Research upgraded shares of Fair Isaac from a “hold” rating to a “buy” rating and set a $543.00 target price for the company in a report on Tuesday, March 30th. Finally, Needham & Company LLC increased their target price on shares of Fair Isaac from $550.00 to $565.00 and gave the stock a “buy” rating in a report on Friday, January 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $537.71.
Shares of FICO opened at $515.75 on Tuesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.29 and a quick ratio of 1.29. Fair Isaac Co. has a one year low of $327.90 and a one year high of $547.57. The company has a 50-day simple moving average of $506.61 and a two-hundred day simple moving average of $481.88. The firm has a market capitalization of $15.08 billion, a PE ratio of 65.37 and a beta of 1.18.
Fair Isaac Company Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
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