Robeco Institutional Asset Management B.V. increased its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 26.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,444 shares of the technology company's stock after acquiring an additional 6,083 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of Fair Isaac worth $58,621,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. State Street Corp raised its stake in Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company's stock valued at $2,031,299,000 after acquiring an additional 5,472 shares during the period. JPMorgan Chase & Co. grew its stake in Fair Isaac by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock valued at $1,308,460,000 after acquiring an additional 7,466 shares in the last quarter. Geode Capital Management LLC increased its holdings in Fair Isaac by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company's stock worth $1,251,537,000 after acquiring an additional 6,510 shares during the period. International Assets Investment Management LLC lifted its stake in 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 purchasing an additional 538,071 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after purchasing an additional 1,977 shares during the period. Institutional investors own 85.75% of the company's stock.
Fair Isaac Stock Performance
NYSE:FICO traded up $5.48 during midday trading on Thursday, reaching $1,865.69. 120,697 shares of the stock traded hands, compared to its average volume of 223,100. The stock has a market capitalization of $45.43 billion, a P/E ratio of 91.23, a PEG ratio of 3.46 and a beta of 1.40. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The company has a fifty day moving average of $2,080.30 and a 200 day moving average of $1,949.02.
Insider Activity at Fair Isaac
In other news, EVP Thomas A. Bowers sold 2,680 shares of the business's stock in a transaction on 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 in the company, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company's stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,589 shares of company stock worth $31,258,963 over the last quarter. Corporate insiders own 3.54% of the company's stock.
Wall Street Analysts Forecast Growth
FICO has been the subject of several recent analyst reports. Oppenheimer reduced their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 target price on the stock. Wells Fargo & Company boosted their price target 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. Jefferies Financial Group raised their price objective on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group upped their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,087.77.
View Our Latest Research Report on Fair Isaac
Fair Isaac Profile
(
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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