Prudential PLC lowered its position in Fair Isaac Corporation (NYSE:FICO – Free Report) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,715 shares of the technology company’s stock after selling 897 shares during the quarter. Prudential PLC’s holdings in Fair Isaac were worth $2,899,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Physician Wealth Advisors Inc. increased its holdings in shares of Fair Isaac by 166.7% in the 4th quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock valued at $27,000 after acquiring an additional 10 shares during the period. Torren Management LLC acquired a new stake in Fair Isaac during the 4th quarter worth $30,000. Rakuten Securities Inc. grew its position in Fair Isaac by 100.0% during the 2nd quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock worth $44,000 after purchasing an additional 12 shares during the last quarter. Elyxium Wealth LLC acquired a new position in Fair Isaac in the fourth quarter valued at $42,000. Finally, Aventura Private Wealth LLC acquired a new position in Fair Isaac in the fourth quarter valued at $51,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.
Fair Isaac Trading Up 0.3%
Shares of FICO opened at $1,140.90 on Monday. The stock’s 50 day moving average is $1,104.45 and its two-hundred day moving average is $1,378.91. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01. The firm has a market capitalization of $26.46 billion, a PE ratio of 36.14, a P/E/G ratio of 1.00 and a beta of 1.28.
Fair Isaac announced that its board has approved a share repurchase plan on Wednesday, February 25th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to buy up to 5.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on FICO shares. UBS Group decreased their target price on shares of Fair Isaac from $1,200.00 to $1,150.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Mizuho started coverage on Fair Isaac in a research report on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Barclays decreased their price objective on Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Finally, Wells Fargo & Company dropped their target price on Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $1,619.36.
View Our Latest Stock Report on Fair Isaac
About Fair Isaac
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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