Holocene Advisors LP Invests $8.64 Million in Fair Isaac Co. (NYSE:FICO)

Holocene Advisors LP acquired a new stake in Fair Isaac Co. (NYSE:FICO - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,444 shares of the technology company's stock, valued at approximately $8,637,000.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the 3rd quarter worth about $25,000. Tortoise Investment Management LLC boosted its stake in 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. Family Firm Inc. bought a new stake in Fair Isaac during the 2nd quarter valued at approximately $34,000. True Wealth Design LLC lifted its position 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 acquiring an additional 18 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock worth $43,000 after acquiring an additional 6 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price target on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Barclays lifted their target price on 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. Robert W. Baird lifted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price objective for the company. Finally, Needham & Company LLC lifted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and a consensus price target of $1,998.75.

Fair Isaac Stock Performance

Shares of FICO traded up $26.15 during trading hours on Wednesday, reaching $2,371.47. The stock had a trading volume of 128,296 shares, compared to its average volume of 169,078. The stock has a market capitalization of $57.74 billion, a PE ratio of 117.00, a PEG ratio of 4.29 and a beta of 1.36. Fair Isaac Co. has a 12 month low of $1,099.74 and a 12 month high of $2,402.51. The company's 50-day moving average is $2,117.64 and its two-hundred day moving average is $1,777.29.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the 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 sale, 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. Insiders sold 10,390 shares of company stock worth $21,901,887 over the last three months. Company insiders own 3.54% of the company's stock.

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.