Fair Isaac Co. (NYSE:FICO) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC grew its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,471 shares of the technology company's stock after purchasing an additional 3,721 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.10% of Fair Isaac worth $45,616,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FICO. State Street Corp lifted 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fair Isaac by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company's stock valued at $1,251,537,000 after buying an additional 6,510 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Fair Isaac by 189,461.6% in 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 buying an additional 538,071 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after acquiring an additional 1,977 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Fair Isaac by 6.7% during the second 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 last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Oppenheimer lifted their price target on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Barclays raised their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Needham & Company LLC lifted their target price 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. Finally, The Goldman Sachs Group upped their price target on shares of 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,022.67.

Fair Isaac Stock Down 1.0 %

Shares of FICO stock traded down $22.03 on Friday, hitting $2,168.89. The company had a trading volume of 120,376 shares, compared to its average volume of 168,969. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The firm has a market cap of $52.81 billion, a P/E ratio of 106.06, a price-to-earnings-growth ratio of 4.05 and a beta of 1.36. The company has a 50-day moving average price of $2,170.83 and a 200-day moving average price of $1,826.63.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the transaction, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the sale, the executive vice president now owns 45,395 shares of the company's stock, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,930 shares of company stock valued at $23,281,002. 3.54% of the stock is owned by company 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.