Silvant Capital Management LLC lifted its position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) by 4.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,002 shares of the technology company’s stock after purchasing an additional 1,508 shares during the quarter. Fair Isaac accounts for 2.3% of Silvant Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Silvant Capital Management LLC’s holdings in Fair Isaac were worth $60,326,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of FICO. Vanguard Group Inc. increased its stake in Fair Isaac by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company’s stock valued at $5,479,356,000 after purchasing an additional 35,091 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Fair Isaac by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock valued at $1,518,803,000 after buying an additional 3,677 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Fair Isaac by 2.0% during the second quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock valued at $1,299,727,000 after buying an additional 13,906 shares during the last quarter. American Century Companies Inc. increased its position in shares of Fair Isaac by 2.8% during the second quarter. American Century Companies Inc. now owns 397,389 shares of the technology company’s stock worth $726,411,000 after acquiring an additional 10,771 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Fair Isaac by 29.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock worth $584,193,000 after acquiring an additional 72,518 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.
Fair Isaac Trading Down 0.7%
Shares of FICO opened at $1,796.52 on Friday. The stock has a 50 day moving average of $1,670.53 and a 200 day moving average of $1,646.65. The company has a market capitalization of $42.59 billion, a price-to-earnings ratio of 70.26, a PEG ratio of 1.63 and a beta of 1.34. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,400.00.
Wall Street Analyst Weigh In
FICO has been the subject of a number of analyst reports. Oppenheimer downgraded Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Robert W. Baird raised their target price on Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Needham & Company LLC reiterated a “buy” rating and set a $1,950.00 price target on shares of Fair Isaac in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Fair Isaac in a research note on Tuesday. Finally, Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a research note on Monday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $2,118.50.
Read Our Latest Report on FICO
Insiders Place Their Bets
In related news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 14,422 shares of company stock worth $23,226,939 in the last three months. 3.46% of the stock is currently owned by corporate insiders.
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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