Texas Yale Capital Corp. acquired a new position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 152 shares of the technology company’s stock, valued at approximately $278,000.
Other large investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Fair Isaac by 29.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after acquiring an additional 72,518 shares during the last quarter. Nuveen LLC acquired a new stake in Fair Isaac during the first quarter worth about $114,864,000. Vanguard Group Inc. raised its stake in Fair Isaac by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock worth $5,463,202,000 after purchasing an additional 58,740 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Fair Isaac in the 2nd quarter valued at about $85,183,000. Finally, Congress Asset Management Co. grew its stake in shares of Fair Isaac by 261.2% in the 2nd quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company’s stock valued at $89,164,000 after buying an additional 35,272 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.
Fair Isaac Stock Up 3.9%
NYSE:FICO opened at $1,739.98 on Friday. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The stock’s fifty day moving average is $1,607.58 and its two-hundred day moving average is $1,668.68. The stock has a market capitalization of $41.77 billion, a price-to-earnings ratio of 68.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.34.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on FICO shares. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a report on Monday, August 18th. UBS Group increased their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 target price on shares of Fair Isaac in a research report on Thursday, October 2nd. Wells Fargo & Company upped their price target on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Barclays increased their price target on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,118.50.
Get Our Latest Analysis on Fair Isaac
Insider Transactions at Fair Isaac
In other news, CEO William J. Lansing sold 4,942 shares of the stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the sale, the chief executive officer owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. This represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 18,032 shares of company stock worth $28,094,085 in the last 90 days. 3.46% of the stock is owned by corporate 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.
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