Edgestream Partners L.P. Has $1.50 Million Stock Position in Fair Isaac Co. (NYSE:FICO)

Edgestream Partners L.P. raised its position in shares of Fair Isaac Co. (NYSE:FICO) by 8.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 771 shares of the technology company’s stock after purchasing an additional 63 shares during the quarter. Edgestream Partners L.P.’s holdings in Fair Isaac were worth $1,498,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac during the third quarter worth $25,000. Tortoise Investment Management LLC grew its holdings in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares during the period. Family Firm Inc. bought a new position in shares of Fair Isaac in the 2nd quarter worth about $34,000. Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares during the period. Finally, Valley National Advisers Inc. bought a new stake in shares of Fair Isaac during the 2nd quarter valued at about $52,000. Institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Needham & Company LLC boosted their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer raised their target price on Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,998.75.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,390 shares of company stock valued at $21,901,887 over the last 90 days. Insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

FICO stock opened at $2,345.32 on Wednesday. The company has a market capitalization of $57.11 billion, a P/E ratio of 114.69, a price-to-earnings-growth ratio of 4.29 and a beta of 1.36. Fair Isaac Co. has a 52-week low of $1,099.74 and a 52-week high of $2,402.51. The business has a 50-day simple moving average of $2,109.07 and a two-hundred day simple moving average of $1,770.72.

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.