Field & Main Bank acquired a new position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 1,500 shares of the technology company’s stock, valued at approximately $1,792,000.
Other hedge funds have also modified their holdings of the company. Bayban acquired a new stake in shares of Fair Isaac during the fourth quarter worth $25,000. Western Wealth Management LLC acquired a new position in shares of Fair Isaac in the 1st quarter valued at $29,000. Torren Management LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at $30,000. Keating Financial Advisory Services Inc. purchased a new position in Fair Isaac in the 2nd quarter worth about $30,000. Finally, Elyxium Wealth LLC purchased a new stake in Fair Isaac during the fourth quarter valued at about $42,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.
Fair Isaac Price Performance
NYSE FICO opened at $1,154.38 on Friday. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.30. The company has a 50 day simple moving average of $1,174.41 and a 200-day simple moving average of $1,175.59. Fair Isaac Corporation has a 52-week low of $870.01 and a 52-week high of $1,998.01.
Insider Activity at Fair Isaac
In other news, Director Eva Manolis sold 967 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the transaction, the director directly owned 498 shares in the company, valued at $697,200. The trade was a 66.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several brokerages have commented on FICO. Jefferies Financial Group set a $1,675.00 target price on shares of Fair Isaac in a research report on Monday, August 3rd. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,650.00 price objective on shares of Fair Isaac in a research note on Thursday, July 30th. Bank of America lowered their price objective on shares of Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,553.69.
Read Our Latest Stock Analysis on FICO
Fair Isaac Company 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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