Fundsmith LLP acquired a new position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 17,953 shares of the technology company’s stock, valued at approximately $21,450,000.
Several other institutional investors have also modified their holdings of FICO. Bayban bought a new stake in Fair Isaac in the fourth quarter worth $25,000. Rakuten Securities Inc. increased its position in Fair Isaac by 100.0% during the second quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock valued at $44,000 after acquiring an additional 12 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Fair Isaac in the fourth quarter valued at $42,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Fair Isaac during the 2nd quarter worth about $30,000. Finally, Western Wealth Management LLC bought a new position in Fair Isaac during the 1st quarter valued at about $29,000. 85.75% of the stock is owned by institutional investors.
Fair Isaac Stock Performance
Shares of NYSE:FICO opened at $1,154.38 on Monday. The firm’s 50 day simple moving average is $1,174.41 and its 200-day simple moving average is $1,174.19. Fair Isaac Corporation has a one year low of $870.01 and a one year high of $1,998.01. The firm has a market cap of $24.93 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.30.
Insider Activity
In other news, Director Eva Manolis sold 967 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the transaction, the director owned 498 shares in the company, valued at approximately $697,200. This trade represents a 66.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.02% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on FICO shares. Wall Street Zen downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Wells Fargo & Company increased their price target on Fair Isaac from $1,400.00 to $1,450.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings lowered Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Bank of America cut their price objective on Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,650.00 target price on shares of Fair Isaac in a research note on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,553.69.
Check Out Our Latest Stock Report on FICO
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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