Lindsell Train Ltd raised its position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) by 15.2% in the first quarter, HoldingsChannel reports. The firm owned 249,422 shares of the technology company’s stock after acquiring an additional 32,829 shares during the period. Fair Isaac makes up 8.5% of Lindsell Train Ltd’s investment portfolio, making the stock its 6th largest position. Lindsell Train Ltd’s holdings in Fair Isaac were worth $266,268,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. USS Investment Management Ltd raised its holdings in shares of Fair Isaac by 9.4% during the first quarter. USS Investment Management Ltd now owns 4,449 shares of the technology company’s stock valued at $4,749,000 after buying an additional 383 shares during the last quarter. IFM Investors Pty Ltd bought a new position in Fair Isaac in the 1st quarter worth approximately $5,165,000. XXEC Inc. grew its holdings in Fair Isaac by 500.0% in the 1st quarter. XXEC Inc. now owns 5,106 shares of the technology company’s stock worth $5,451,000 after buying an additional 4,255 shares in the last quarter. Inspire Investing LLC increased its position in Fair Isaac by 1.0% in the 1st quarter. Inspire Investing LLC now owns 4,104 shares of the technology company’s stock valued at $4,381,000 after acquiring an additional 40 shares during the period. Finally, Patton Fund Management Inc. increased its position in Fair Isaac by 115.9% in the 1st quarter. Patton Fund Management Inc. now owns 272 shares of the technology company’s stock valued at $290,000 after acquiring an additional 146 shares during the period. Institutional investors own 85.75% of the company’s stock.
Fair Isaac Price Performance
FICO opened at $1,207.73 on Thursday. The business has a 50 day moving average price of $1,145.21 and a two-hundred day moving average price of $1,301.71. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 38.26, a price-to-earnings-growth ratio of 1.06 and a beta of 1.29. Fair Isaac Corporation has a 1-year low of $870.01 and a 1-year high of $1,998.01.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on FICO. The Goldman Sachs Group reduced their price target on Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Raymond James Financial reissued an “outperform” rating and set a $1,750.00 price target on shares of Fair Isaac in a report on Wednesday, April 29th. Needham & Company LLC restated a “buy” rating and set a $1,650.00 price objective on shares of Fair Isaac in a research note on Tuesday, June 9th. Jefferies Financial Group reduced their price objective on shares of Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating for the company in a report on Monday, May 4th. Finally, Robert W. Baird set a $1,549.00 target price on shares of Fair Isaac in a research report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $1,626.50.
View Our Latest Stock Report on Fair Isaac
Fair Isaac Profile
Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.
FICO’s product portfolio centers on analytics and decisioning technologies.
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