Verition Fund Management LLC Acquires Shares of 431 Fair Isaac Co. (NYSE:FICO)

Verition Fund Management LLC bought a new position in shares of 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 fund bought 431 shares of the technology company's stock, valued at approximately $838,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FICO. Captrust Financial Advisors grew its stake in Fair Isaac by 9.3% during the 3rd quarter. Captrust Financial Advisors now owns 600 shares of the technology company's stock worth $1,167,000 after buying an additional 51 shares during the last quarter. Vinva Investment Management Ltd grew its position in shares of Fair Isaac by 4.9% during the third quarter. Vinva Investment Management Ltd now owns 1,065 shares of the technology company's stock worth $2,044,000 after acquiring an additional 50 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Fair Isaac by 10.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,042 shares of the technology company's stock valued at $2,025,000 after acquiring an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Fair Isaac by 0.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,214 shares of the technology company's stock valued at $25,682,000 after purchasing an additional 90 shares during the last quarter. Finally, National Wealth Management Group LLC acquired a new stake in Fair Isaac during the 3rd quarter worth $323,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now owns 92 shares of the company's stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now directly owns 5,769 shares of the company's stock, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,929 shares of company stock valued at $23,278,612 in the last ninety days. Insiders own 3.54% of the company's stock.

Fair Isaac Trading Down 2.6 %

Shares of FICO stock traded down $57.11 during trading hours on Tuesday, hitting $2,170.00. The company's stock had a trading volume of 270,783 shares, compared to its average volume of 169,273. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The business has a fifty day moving average of $2,155.66 and a 200-day moving average of $1,809.59. The stock has a market cap of $52.84 billion, a price-to-earnings ratio of 106.11, a P/E/G ratio of 4.37 and a beta of 1.36.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Needham & Company LLC upped their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a report on Thursday, November 7th. UBS Group began coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price objective for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.