Profund Advisors LLC cut its position in Fair Isaac Co. (NYSE:FICO – Get Rating) by 9.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,017 shares of the technology company's stock after selling 104 shares during the quarter. Profund Advisors LLC's holdings in Fair Isaac were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in Fair Isaac by 97.5% in the 2nd quarter. Lazard Asset Management LLC now owns 79 shares of the technology company's stock worth $31,000 after purchasing an additional 39 shares in the last quarter. Venture Visionary Partners LLC purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at $47,000. Ellevest Inc. raised its position in shares of Fair Isaac by 195.9% during the 3rd quarter. Ellevest Inc. now owns 145 shares of the technology company's stock valued at $60,000 after buying an additional 96 shares in the last quarter. Tobam purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at $67,000. Finally, CWM LLC raised its position in shares of Fair Isaac by 59.3% during the 3rd quarter. CWM LLC now owns 180 shares of the technology company's stock valued at $74,000 after buying an additional 67 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.
Get Fair Isaac alerts:Analyst Upgrades and Downgrades
Several research firms have recently weighed in on FICO. Barclays raised their price objective on shares of Fair Isaac from $575.00 to $700.00 and gave the company an "overweight" rating in a research report on Friday, December 2nd. Robert W. Baird raised their price objective on shares of Fair Isaac from $537.00 to $655.00 and gave the company a "neutral" rating in a research report on Friday. Needham & Company LLC raised their price objective on shares of Fair Isaac from $630.00 to $780.00 and gave the company a "buy" rating in a research report on Friday. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $709.00 to $807.00 and gave the company a "buy" rating in a research report on Friday. Finally, Jefferies Financial Group raised their price objective on shares of Fair Isaac from $715.00 to $745.00 and gave the company a "buy" rating in a research report on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus price target of $727.43.
Fair Isaac Stock Performance
FICO stock opened at $660.25 on Monday. Fair Isaac Co. has a 52 week low of $340.48 and a 52 week high of $676.98. The firm's fifty day moving average is $610.07 and its 200 day moving average is $513.35. The firm has a market cap of $16.61 billion, a P/E ratio of 44.16 and a beta of 1.28.Fair Isaac (NYSE:FICO – Get Rating) last released its earnings results on Wednesday, November 9th. The technology company reported $3.56 EPS for the quarter, meeting the consensus estimate of $3.56. The company had revenue of $348.75 million for the quarter, compared to analyst estimates of $355.10 million. Fair Isaac had a net margin of 27.59% and a negative return on equity of 47.61%. As a group, analysts forecast that Fair Isaac Co. will post 16.07 EPS for the current year.
Insiders Place Their Bets
In other Fair Isaac news, Director Braden R. Kelly sold 461 shares of the firm's stock in a transaction on Friday, December 9th. The shares were sold at an average price of $625.00, for a total value of $288,125.00. Following the sale, the director now owns 9,606 shares of the company's stock, valued at approximately $6,003,750. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Fair Isaac news, Director Braden R. Kelly sold 461 shares of the firm's stock in a transaction on Friday, December 9th. The shares were sold at an average price of $625.00, for a total value of $288,125.00. Following the sale, the director now owns 9,606 shares of the company's stock, valued at approximately $6,003,750. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joanna Rees sold 244 shares of the firm's stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $594.02, for a total transaction of $144,940.88. Following the completion of the sale, the director now directly owns 3,428 shares in the company, valued at approximately $2,036,300.56. The disclosure for this sale can be found here. Insiders have sold a total of 20,072 shares of company stock valued at $12,180,047 in the last quarter. Insiders own 3.37% of the company's stock.
About Fair Isaac
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Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.
Further Reading
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