State Street Corp Acquires 5,472 Shares of Fair Isaac Co. (NYSE:FICO)

State Street Corp increased its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,045,165 shares of the technology company's stock after purchasing an additional 5,472 shares during the quarter. State Street Corp owned approximately 4.29% of Fair Isaac worth $2,031,299,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new stake in Fair Isaac during the 3rd quarter valued at $25,000. Tortoise Investment Management LLC raised its holdings 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 acquiring an additional 9 shares during the period. Family Firm Inc. bought a new stake in Fair Isaac during the 2nd quarter valued at $34,000. True Wealth Design LLC raised its holdings in Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after acquiring an additional 18 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock valued at $43,000 after acquiring an additional 6 shares during the period. Institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FICO shares. The Goldman Sachs Group boosted 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 report on Thursday. Royal Bank of Canada restated a "sector perform" rating and set a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. Oppenheimer boosted 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 started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price target for the company. Finally, Wells Fargo & Company boosted 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 research report 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,022.67.

Insider Activity

In related news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares of the company's stock, valued at $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly 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. Over the last ninety days, insiders sold 6,429 shares of company stock valued at $14,970,137. Insiders own 3.54% of the company's stock.

Fair Isaac Stock Up 0.2 %

Shares of NYSE:FICO traded up $4.67 during midday trading on Friday, hitting $2,371.83. 110,041 shares of the stock traded hands, compared to its average volume of 151,002. The stock has a market capitalization of $57.75 billion, a PE ratio of 116.14, a P/E/G ratio of 4.38 and a beta of 1.36. The business's 50 day moving average is $2,144.84 and its two-hundred day moving average is $1,791.97. Fair Isaac Co. has a one year low of $1,099.74 and a one year high of $2,402.51.

Fair Isaac Company 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.