Commerce Bank acquired a new position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,314 shares of the technology company’s stock, valued at approximately $1,570,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bayban acquired a new stake in shares of Fair Isaac in the 4th quarter valued at about $25,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Fair Isaac by 166.7% in the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock valued at $27,000 after purchasing an additional 10 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Fair Isaac during the first quarter worth about $29,000. Torren Management LLC bought a new position in shares of Fair Isaac during the fourth quarter worth about $30,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of Fair Isaac during the second quarter worth about $30,000. 85.75% of the stock is owned by institutional investors and hedge funds.
Fair Isaac Trading Down 2.4%
NYSE FICO opened at $1,138.87 on Wednesday. The firm’s fifty day moving average price is $1,171.94 and its two-hundred day moving average price is $1,178.95. Fair Isaac Corporation has a 1 year low of $870.01 and a 1 year high of $1,998.01. The firm has a market capitalization of $24.60 billion, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30.
Insider Transactions at Fair Isaac
In related news, Director Eva Manolis sold 967 shares of Fair Isaac stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the completion of the transaction, the director owned 498 shares in the company, valued at approximately $697,200. This trade represents a 66.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.02% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Raymond James Financial restated an “outperform” rating and issued a $1,750.00 target price on shares of Fair Isaac in a research note on Wednesday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,650.00 price target on shares of Fair Isaac in a research note on Thursday, July 30th. UBS Group reduced their target price on shares of Fair Isaac from $1,200.00 to $1,130.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Weiss Ratings downgraded shares of Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group set a $1,675.00 price target on shares of Fair Isaac in a research report on Monday, August 3rd. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,553.69.
Read Our Latest Report on Fair Isaac
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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