Two Sigma Securities LLC bought a new position in 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 firm bought 1,120 shares of the technology company’s stock, valued at approximately $1,338,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares during the period. Great Lakes Advisors LLC lifted its holdings in shares of Fair Isaac by 5.7% in the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock worth $207,000 after purchasing an additional 6 shares during the last quarter. Woodline Partners LP boosted its position in Fair Isaac by 46.1% during the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company’s stock valued at $3,943,000 after purchasing an additional 675 shares during the period. Treasurer of the State of North Carolina grew its stake in Fair Isaac by 18.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 14,037 shares of the technology company’s stock worth $25,659,000 after buying an additional 2,146 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Fair Isaac by 16.1% during the 2nd quarter. Alliancebernstein L.P. now owns 211,947 shares of the technology company’s stock worth $387,431,000 after buying an additional 29,408 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.
Fair Isaac Price Performance
Shares of NYSE:FICO opened at $1,146.26 on Tuesday. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 1.04 and a beta of 1.30. Fair Isaac Corporation has a 12 month low of $870.01 and a 12 month high of $1,998.01. The stock’s 50 day moving average price is $1,175.58 and its 200 day moving average price is $1,172.54.
Insider Buying and Selling at Fair Isaac
In related news, Director Eva Manolis sold 967 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 498 shares of the company’s stock, valued at $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 available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Jefferies Financial Group set a $1,675.00 target price on Fair Isaac in a research note on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of Fair Isaac from $1,400.00 to $1,450.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,650.00 price objective on shares of Fair Isaac in a report on Thursday, July 30th. Wall Street Zen lowered shares of Fair Isaac from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Royal Bank Of Canada decreased their target price on shares of Fair Isaac from $2,400.00 to $1,525.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Eleven 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,553.69.
View Our Latest Research 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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