EP Wealth Advisors LLC boosted its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,518 shares of the technology company's stock after buying an additional 309 shares during the quarter. EP Wealth Advisors LLC's holdings in Fair Isaac were worth $12,668,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in Fair Isaac by 189,461.6% during the 3rd 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. AustralianSuper Pty Ltd lifted its position in shares of Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company's stock worth $142,413,000 after purchasing an additional 67,931 shares in the last quarter. FMR LLC boosted its stake in shares of Fair Isaac by 46.1% in the third quarter. FMR LLC now owns 207,026 shares of the technology company's stock valued at $402,358,000 after purchasing an additional 65,297 shares during the period. Jennison Associates LLC grew its holdings in shares of Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company's stock valued at $468,677,000 after purchasing an additional 62,653 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Fair Isaac by 231.8% during the 2nd quarter. Sei Investments Co. now owns 69,127 shares of the technology company's stock worth $102,908,000 after buying an additional 48,294 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Fair Isaac
In other news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the transaction, the executive vice president now directly owns 48,895 shares of the company's stock, valued at $113,456,446.95. The trade was a 6.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the sale, the director now owns 92 shares of the company's stock, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,429 shares of company stock valued at $14,970,137 in the last ninety days. Insiders own 3.54% of the company's stock.
Fair Isaac Stock Performance
FICO stock traded up $4.67 during midday trading on Friday, reaching $2,371.83. 110,041 shares of the company were exchanged, compared to its average volume of 151,002. The company has a market cap of $57.75 billion, a price-to-earnings ratio of 115.98, a price-to-earnings-growth ratio of 4.38 and a beta of 1.36. Fair Isaac Co. has a 1-year low of $1,099.74 and a 1-year high of $2,402.51. The stock's 50-day simple moving average is $2,144.84 and its 200 day simple moving average is $1,794.89.
Wall Street Analysts Forecast Growth
Several brokerages have commented on FICO. Oppenheimer raised 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 report on Monday, December 2nd. UBS Group began coverage on Fair Isaac in a report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price target on the stock. Robert W. Baird lifted their price objective on 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. Wells Fargo & Company upped their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC lifted their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $2,022.67.
Read Our Latest Research Report on Fair Isaac
About Fair Isaac
(
Free Report)
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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