Vestcor Inc Boosts Holdings in Fair Isaac Co. (NYSE:FICO)

Vestcor Inc raised its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 179.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,430 shares of the technology company's stock after purchasing an additional 4,768 shares during the quarter. Vestcor Inc's holdings in Fair Isaac were worth $14,440,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FICO. First National Bank of Omaha purchased a new stake in Fair Isaac in the third quarter valued at $1,576,000. National Bank of Canada FI boosted its stake in shares of Fair Isaac by 51.9% in the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company's stock worth $38,514,000 after buying an additional 6,768 shares during the last quarter. Swedbank AB grew its holdings in Fair Isaac by 11.5% during the third quarter. Swedbank AB now owns 9,822 shares of the technology company's stock worth $19,089,000 after acquiring an additional 1,013 shares during the period. BNP Paribas acquired a new stake in Fair Isaac during the third quarter worth about $445,000. Finally, Harvest Fund Management Co. Ltd raised its position in Fair Isaac by 86.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company's stock valued at $1,477,000 after acquiring an additional 352 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Shares of FICO stock traded down $57.11 on Tuesday, hitting $2,170.00. 270,783 shares of the stock traded hands, compared to its average volume of 169,273. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The firm's 50-day moving average price is $2,155.66 and its two-hundred day moving average price is $1,809.59. The stock has a market capitalization of $52.84 billion, a PE ratio of 106.11, a PEG ratio of 4.37 and a beta of 1.36.

Analyst Ratings Changes

FICO has been the subject of a number of recent analyst reports. Needham & Company LLC lifted their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Oppenheimer lifted their price target on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the company an "outperform" rating in a research note on Monday, December 2nd. 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. UBS Group started coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 target price for the company. Finally, Robert W. Baird raised their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,022.67.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated 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. This trade represents a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the sale, the executive vice president now owns 45,395 shares of the company's stock, valued at approximately $107,760,920.75. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,929 shares of company stock worth $23,278,612 in the last ninety days. 3.54% of the stock is owned by 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.