Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Fair Isaac Corporation (NYSE:FICO – Free Report) by 6.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,970 shares of the technology company’s stock after buying an additional 386 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fair Isaac were worth $10,913,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter valued at about $26,000. Geo Capital Gestora de Recursos Ltd acquired a new stake in Fair Isaac in the first quarter valued at approximately $28,000. ORG Partners LLC purchased a new stake in shares of Fair Isaac in the second quarter valued at approximately $27,000. Hilltop National Bank purchased a new position in shares of Fair Isaac during the 2nd quarter valued at approximately $27,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Fair Isaac in the 1st quarter valued at $30,000. 85.75% of the stock is owned by hedge funds and other institutional investors.
Fair Isaac Trading Up 0.3%
FICO opened at $1,742.98 on Monday. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,400.00. The firm has a market capitalization of $41.32 billion, a PE ratio of 68.17, a PEG ratio of 1.63 and a beta of 1.34. The firm’s 50-day moving average price is $1,631.72 and its 200 day moving average price is $1,660.10.
Insider Transactions at Fair Isaac
In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the sale, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This trade represents a 18.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 20,432 shares of company stock valued at $32,252,997. 3.46% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
FICO has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price objective on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. UBS Group boosted their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Raymond James Financial decreased their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Jefferies Financial Group cut their price objective on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Griffin Securities set a $1,800.00 target price on Fair Isaac in a report on Monday, August 18th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,118.50.
Check Out Our Latest Report on Fair Isaac
About Fair Isaac
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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