Conway Capital Management Inc. Invests $742,000 in Fair Isaac Co. (NYSE:FICO)

Conway Capital Management Inc. bought a new stake in Fair Isaac Co. (NYSE:FICO - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 382 shares of the technology company's stock, valued at approximately $742,000. Fair Isaac makes up about 0.4% of Conway Capital Management Inc.'s investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds have also added to or reduced their stakes in FICO. State Street Corp raised its stake in shares of Fair Isaac by 0.5% during the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company's stock worth $2,031,299,000 after purchasing an additional 5,472 shares in the last quarter. International Assets Investment Management LLC raised its position in 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 acquiring an additional 538,071 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after acquiring an additional 1,977 shares during the last quarter. American Century Companies Inc. grew its position in shares of Fair Isaac by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company's stock valued at $514,523,000 after acquiring an additional 21,768 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Fair Isaac by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company's stock worth $468,677,000 after purchasing an additional 62,653 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Needham & Company LLC raised their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. UBS Group started coverage on Fair Isaac in a report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 target price on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus target price of $2,022.67.

Insider Transactions at Fair Isaac

In related news, EVP James M. Wehmann sold 3,500 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 48,895 shares of the company's stock, valued at $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the business's stock in a transaction that occurred 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 owns 92 shares of the company's stock, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,929 shares of company stock valued at $23,278,612. 3.54% of the stock is currently owned by company insiders.

Fair Isaac Stock Performance

NYSE:FICO traded down $57.11 during mid-day trading on Tuesday, reaching $2,170.00. 270,783 shares of the company's stock were exchanged, compared to its average volume of 169,273. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.51. The business's fifty day simple moving average is $2,155.66 and its two-hundred day simple moving average is $1,809.59. The firm has a market capitalization of $52.84 billion, a PE ratio of 106.11, a price-to-earnings-growth ratio of 4.37 and a beta of 1.36.

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.