State of Wyoming purchased a new position in Fair Isaac Corporation (NYSE:FICO – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 794 shares of the technology company’s stock, valued at approximately $848,000.
Several other institutional investors also recently modified their holdings of the stock. Bayban bought a new stake in shares of Fair Isaac during the 4th quarter worth $25,000. Physician Wealth Advisors Inc. grew its holdings in shares of Fair Isaac by 166.7% in the 4th quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock worth $27,000 after acquiring an additional 10 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth $30,000. Rakuten Securities Inc. raised its position in shares of Fair Isaac by 100.0% during the second quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock worth $44,000 after purchasing an additional 12 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in shares of Fair Isaac during the fourth quarter valued at $42,000. Institutional investors own 85.75% of the company’s stock.
Fair Isaac Trading Down 1.1%
Shares of FICO stock opened at $1,207.77 on Friday. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 38.26, a P/E/G ratio of 1.09 and a beta of 1.29. Fair Isaac Corporation has a 1-year low of $870.01 and a 1-year high of $1,998.01. The stock’s fifty day simple moving average is $1,210.02 and its 200-day simple moving average is $1,246.10.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on FICO shares. Jefferies Financial Group decreased their price target on Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Weiss Ratings raised shares of Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Wells Fargo & Company decreased their target price on shares of Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $1,650.00 price target on shares of Fair Isaac in a report on Tuesday, June 9th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,627.93.
Fair Isaac Profile
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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