E Fund Management Co. Ltd. Invests $246,000 in Fair Isaac Co. (NYSE:FICO)

E Fund Management Co. Ltd. acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 211 shares of the technology company’s stock, valued at approximately $246,000.

A number of other hedge funds have also recently bought and sold shares of the company. IFM Investors Pty Ltd boosted its stake in Fair Isaac by 1.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 5,194 shares of the technology company’s stock worth $4,511,000 after buying an additional 61 shares during the last quarter. Advisor Partners II LLC grew its holdings in Fair Isaac by 4.1% in the third quarter. Advisor Partners II LLC now owns 1,791 shares of the technology company’s stock valued at $1,555,000 after purchasing an additional 70 shares during the period. Park Avenue Securities LLC purchased a new stake in Fair Isaac in the third quarter valued at approximately $534,000. AustralianSuper Pty Ltd raised its stake in Fair Isaac by 2.9% during the third quarter. AustralianSuper Pty Ltd now owns 7,727 shares of the technology company’s stock worth $6,711,000 after purchasing an additional 215 shares during the period. Finally, Whittier Trust Co. boosted its holdings in shares of Fair Isaac by 3.8% in the 3rd quarter. Whittier Trust Co. now owns 13,441 shares of the technology company’s stock valued at $11,674,000 after purchasing an additional 495 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on FICO shares. Barclays upped their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Raymond James raised their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a report on Monday, April 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. Finally, Jefferies Financial Group lifted their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,224.40.

Fair Isaac Price Performance

FICO traded up $35.34 during trading hours on Thursday, reaching $1,286.78. 200,872 shares of the stock traded hands, compared to its average volume of 175,232. Fair Isaac Co. has a fifty-two week low of $739.61 and a fifty-two week high of $1,349.75. The company has a market cap of $31.80 billion, a price-to-earnings ratio of 65.60, a PEG ratio of 3.21 and a beta of 1.24. The firm’s fifty day simple moving average is $1,223.96 and its two-hundred day simple moving average is $1,166.87.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the transaction, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 24,000 shares of company stock valued at $29,011,120 in the last ninety days. Insiders own 3.54% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.