United Capital Financial Advisors LLC acquired a new position in Fair Isaac Corporation (NYSE:FICO – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 449 shares of the technology company’s stock, valued at approximately $536,000.
A number of other hedge funds have also bought and sold shares of the business. Bayban bought a new stake in Fair Isaac during the 4th quarter valued at $25,000. Western Wealth Management LLC bought a new position in Fair Isaac in the 1st quarter worth about $29,000. Keating Financial Advisory Services Inc. purchased a new position in Fair Isaac during the 2nd quarter valued at about $30,000. Elyxium Wealth LLC purchased a new position in Fair Isaac during the 4th quarter valued at about $42,000. Finally, Rakuten Securities Inc. grew its holdings in Fair Isaac by 100.0% during the 2nd quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock valued at $44,000 after buying an additional 12 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.
Fair Isaac Stock Down 0.6%
Fair Isaac stock opened at $1,146.26 on Tuesday. The company has a market capitalization of $24.76 billion, a PE ratio of 33.11, a P/E/G ratio of 1.04 and a beta of 1.30. The firm has a fifty day simple moving average of $1,175.58 and a two-hundred day simple moving average of $1,172.54. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01.
Insiders Place Their Bets
In related news, Director Eva Manolis sold 967 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 498 shares in the company, valued at $697,200. This trade represents a 66.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on FICO shares. Royal Bank Of Canada lowered their price target on shares of Fair Isaac from $2,400.00 to $1,525.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Barclays decreased their target price on shares of Fair Isaac from $1,950.00 to $1,700.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Wall Street Zen cut shares of Fair Isaac from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings upgraded Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Finally, Bank of America cut their target price on shares of Fair Isaac from $1,550.00 to $1,400.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,553.69.
Read Our Latest Stock Analysis 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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