World Investment Advisors boosted its holdings in Fair Isaac Co. (NYSE:FICO – Free Report) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177 shares of the technology company’s stock after purchasing an additional 28 shares during the quarter. World Investment Advisors’ holdings in Fair Isaac were worth $352,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Rakuten Securities Inc. boosted its position in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after buying an additional 8 shares during the period. Berbice Capital Management LLC acquired a new position in Fair Isaac in the fourth quarter worth approximately $40,000. Avalon Trust Co acquired a new position in shares of Fair Isaac in the 4th quarter worth $40,000. OFI Invest Asset Management acquired a new stake in Fair Isaac during the 4th quarter worth about $42,000. Finally, Versant Capital Management Inc raised its holdings in shares of Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after acquiring an additional 20 shares during the period. Institutional investors own 85.75% of the company’s stock.
Fair Isaac Price Performance
FICO opened at $1,668.93 on Wednesday. The company’s 50 day simple moving average is $1,813.35 and its 200-day simple moving average is $1,983.89. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52. The stock has a market capitalization of $40.75 billion, a P/E ratio of 76.59, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37.
Insider Activity
In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,241 shares of company stock valued at $18,186,184 in the last 90 days. 3.46% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on FICO shares. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target on the stock. UBS Group decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Oppenheimer decreased their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Barclays decreased their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a report on Friday, April 4th. Finally, Robert W. Baird cut their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,080.46.
Read Our Latest Stock Analysis on FICO
Fair Isaac Profile
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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