Geode Capital Management LLC Grows Stock Position in Fair Isaac Co. (NYSE:FICO)

Geode Capital Management LLC grew its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 645,379 shares of the technology company's stock after buying an additional 6,510 shares during the quarter. Geode Capital Management LLC owned 2.65% of Fair Isaac worth $1,251,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. Capital Performance Advisors LLP purchased a new stake in Fair Isaac during the 3rd quarter valued at $25,000. Tortoise Investment Management LLC grew its stake in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock valued at $30,000 after purchasing an additional 9 shares during the period. True Wealth Design LLC lifted its stake in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock worth $39,000 after purchasing an additional 18 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock worth $43,000 after buying an additional 6 shares during the last quarter. Finally, Family Firm Inc. purchased a new stake in Fair Isaac during the second quarter valued at approximately $34,000. Institutional investors own 85.75% of the company's stock.

Insider Activity

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, November 21st. The stock was 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 approximately $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 can be accessed through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the transaction, the executive vice president now owns 5,769 shares of the company's stock, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,930 shares of company stock worth $23,281,002. 3.54% of the stock is currently owned by company insiders.

Fair Isaac Trading Up 0.9 %

Shares of FICO traded up $19.68 during mid-day trading on Wednesday, hitting $2,192.37. The company's stock had a trading volume of 156,916 shares, compared to its average volume of 169,221. The firm has a market capitalization of $53.38 billion, a price-to-earnings ratio of 107.21, a PEG ratio of 4.37 and a beta of 1.36. The company's 50-day moving average is $2,160.74 and its 200-day moving average is $1,812.26. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51.

Analysts Set New Price Targets

FICO has been the subject of several recent research reports. Robert W. Baird boosted their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price target 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. Oppenheimer increased their price objective on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an "outperform" rating in a research note on Monday, December 2nd. Finally, Barclays lifted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $2,022.67.

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.