Natixis Advisors LLC increased its holdings in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) by 3.1% during the 4th quarter, HoldingsChannel reports. The fund owned 15,184 shares of the technology company’s stock after buying an additional 463 shares during the period. Natixis Advisors LLC’s holdings in Fair Isaac were worth $25,670,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its stake in Fair Isaac by 166.7% during the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock worth $27,000 after acquiring an additional 10 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in Fair Isaac by 280.0% during the third quarter. Cornerstone Planning Group LLC now owns 19 shares of the technology company’s stock worth $30,000 after acquiring an additional 14 shares in the last quarter. Torren Management LLC bought a new stake in Fair Isaac during the fourth quarter worth about $30,000. Westside Investment Management Inc. boosted its stake in Fair Isaac by 100.0% during the third quarter. Westside Investment Management Inc. now owns 28 shares of the technology company’s stock worth $42,000 after acquiring an additional 14 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in Fair Isaac during the fourth quarter worth about $42,000. Institutional investors own 85.75% of the company’s stock.
Fair Isaac Stock Performance
Shares of NYSE FICO opened at $1,167.90 on Friday. The firm’s 50 day moving average price is $1,102.49 and its 200-day moving average price is $1,383.29. The company has a market cap of $27.08 billion, a PE ratio of 36.99, a P/E/G ratio of 1.04 and a beta of 1.28. Fair Isaac Corporation has a 52-week low of $870.01 and a 52-week high of $1,998.01.
Fair Isaac declared that its board has authorized a stock repurchase plan on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 5.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on FICO shares. Raymond James Financial reissued an “outperform” rating and set a $1,750.00 price objective on shares of Fair Isaac in a research note on Wednesday, April 29th. Jefferies Financial Group dropped their target price on shares of Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Mizuho started coverage on shares of Fair Isaac in a research note on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 target price on the stock. Bank of America dropped their target price on shares of Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Finally, Barclays dropped their target price on shares of Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,619.36.
Get Our Latest Research Report on FICO
About Fair Isaac
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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