New York State Common Retirement Fund lessened its stake in shares of Fair Isaac Co. (NYSE:FICO – Get Rating) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,967 shares of the technology company’s stock after selling 1,485 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Fair Isaac worth $14,911,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Motley Fool Asset Management LLC increased its position in Fair Isaac by 3,650.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 600 shares of the technology company’s stock worth $280,000 after purchasing an additional 584 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in Fair Isaac by 83.6% in the 1st quarter. Aptus Capital Advisors LLC now owns 7,774 shares of the technology company’s stock worth $3,627,000 after buying an additional 3,539 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in Fair Isaac in the 1st quarter worth about $135,000. Commonwealth Equity Services LLC boosted its stake in Fair Isaac by 4.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,602 shares of the technology company’s stock worth $2,613,000 after buying an additional 234 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in Fair Isaac in the 1st quarter worth about $2,263,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.
Fair Isaac Price Performance
NYSE:FICO opened at $482.47 on Friday. Fair Isaac Co. has a 12-month low of $340.48 and a 12-month high of $531.03. The firm has a market capitalization of $12.51 billion, a P/E ratio of 35.35 and a beta of 1.22. The business has a 50 day simple moving average of $421.12 and a 200 day simple moving average of $434.06.
Insider Activity at Fair Isaac
In other Fair Isaac news, Director Joanna Rees sold 253 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $383.72, for a total transaction of $97,081.16. Following the completion of the transaction, the director now owns 3,922 shares in the company, valued at approximately $1,504,949.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.27% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Barclays raised their price target on Fair Isaac from $450.00 to $535.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird boosted their price target on Fair Isaac from $493.00 to $546.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $546.40.
Fair Isaac Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.
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