Korea Investment CORP purchased a new position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) in the second quarter, Holdings Channel reports. The fund purchased 11,130 shares of the technology company’s stock, valued at approximately $13,298,000.
A number of other large investors also recently modified their holdings of FICO. Bayban bought a new position in Fair Isaac in the 4th quarter valued at about $25,000. Physician Wealth Advisors Inc. raised its position in shares of Fair Isaac by 166.7% during the 4th quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock worth $27,000 after buying an additional 10 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Fair Isaac in the 1st quarter worth approximately $29,000. Torren Management LLC bought a new position in Fair Isaac during the 4th quarter valued at $30,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in shares of Fair Isaac in the 2nd quarter worth $30,000. 85.75% of the stock is owned by institutional investors and hedge funds.
Fair Isaac Price Performance
Fair Isaac stock opened at $1,174.20 on Monday. Fair Isaac Corporation has a fifty-two week low of $870.01 and a fifty-two week high of $1,998.01. The firm’s 50 day simple moving average is $1,173.21 and its 200-day simple moving average is $1,181.79. The company has a market cap of $25.36 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30.
Insider Activity at Fair Isaac
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 value of $1,353,800.00. Following the completion of the sale, 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 at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts recently weighed in on FICO shares. Royal Bank Of Canada decreased their target price on Fair Isaac from $2,400.00 to $1,525.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Wall Street Zen lowered shares of Fair Isaac from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Wells Fargo & Company lifted their price objective on shares of Fair Isaac from $1,400.00 to $1,450.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. dropped their target price on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Finally, Raymond James Financial restated an “outperform” rating and set a $1,750.00 target price on shares of Fair Isaac in a report on Wednesday, April 29th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,553.69.
Get 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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