Crossmark Global Holdings Inc. trimmed its position in Fair Isaac Co. (NYSE:FICO – Free Report) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,163 shares of the technology company’s stock after selling 167 shares during the period. Crossmark Global Holdings Inc.’s holdings in Fair Isaac were worth $2,315,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Heritage Family Offices LLP increased its position in Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after acquiring an additional 5 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Fair Isaac by 5.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after purchasing an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in Fair Isaac by 4.0% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after buying an additional 6 shares during the period. Covestor Ltd grew its position in shares of Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after buying an additional 6 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on FICO. The Goldman Sachs Group upped their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Needham & Company LLC increased their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group initiated coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Wells Fargo & Company lifted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Barclays upped their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,087.77.
Fair Isaac Trading Down 1.6 %
Fair Isaac stock opened at $1,850.76 on Friday. The firm has a market capitalization of $45.07 billion, a price-to-earnings ratio of 90.50, a price-to-earnings-growth ratio of 3.49 and a beta of 1.40. The firm’s fifty day moving average price is $2,124.83 and its two-hundred day moving average price is $1,938.99. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51.
Insider Activity at Fair Isaac
In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,589 shares of company stock valued at $31,258,963. 3.54% of the stock is owned by corporate insiders.
Fair Isaac 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.
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