CENTRAL TRUST Co lessened its stake in Fair Isaac Corporation (NYSE:FICO – Free Report) by 17.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 155 shares of the technology company’s stock after selling 32 shares during the quarter. CENTRAL TRUST Co’s holdings in Fair Isaac were worth $283,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock worth $5,463,202,000 after acquiring an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Fair Isaac by 0.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock valued at $1,518,803,000 after purchasing an additional 3,677 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Fair Isaac by 4.7% during the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock worth $712,985,000 after purchasing an additional 17,498 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fair Isaac by 29.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock worth $584,193,000 after purchasing an additional 72,518 shares in the last quarter. Finally, Kensico Capital Management Corp increased its holdings in Fair Isaac by 1.8% in the first quarter. Kensico Capital Management Corp now owns 239,680 shares of the technology company’s stock valued at $442,008,000 after buying an additional 4,200 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.
Fair Isaac Trading Down 2.2%
Fair Isaac stock opened at $1,738.32 on Friday. The stock has a 50 day moving average of $1,627.55 and a two-hundred day moving average of $1,665.79. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,400.00. The stock has a market capitalization of $41.21 billion, a price-to-earnings ratio of 67.98, a PEG ratio of 1.63 and a beta of 1.34.
Analysts Set New Price Targets
Several research analysts have recently issued reports on FICO shares. Jefferies Financial Group lowered their price objective on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Barclays boosted their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Fair Isaac in a research note on Wednesday, October 8th. Raymond James Financial cut their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Finally, Robert W. Baird upped their target price on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Three 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,118.50.
Read Our Latest Stock Analysis on Fair Isaac
Insider Buying and Selling at Fair Isaac
In other news, CEO William J. Lansing sold 2,400 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the transaction, the chief executive officer directly owned 10,933 shares in the company, valued at $18,945,577.04. The trade was a 18.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 20,432 shares of company stock valued at $32,252,997 over the last quarter. 3.46% of the stock is owned by insiders.
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.
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