Blue Trust Inc. Acquires 61 Shares of Fair Isaac Co. (NYSE:FICO)

Blue Trust Inc. boosted its holdings in Fair Isaac Co. (NYSE:FICO) by 16.9% during the fourth quarter, Holdings Channel reports. The fund owned 421 shares of the technology company’s stock after purchasing an additional 61 shares during the period. Blue Trust Inc.’s holdings in Fair Isaac were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its stake in Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock valued at $2,031,299,000 after purchasing an additional 5,472 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after acquiring an additional 7,466 shares during the period. Geode Capital Management LLC grew its stake in shares of Fair Isaac by 1.0% in the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock valued at $1,251,537,000 after acquiring an additional 6,510 shares in the last quarter. International Assets Investment Management LLC increased its position in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after acquiring an additional 538,071 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after purchasing an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FICO. Robert W. Baird increased their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Oppenheimer reduced their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,087.77.

Fair Isaac Stock Up 0.6 %

NYSE FICO opened at $1,862.49 on Thursday. The company has a market cap of $45.35 billion, a price-to-earnings ratio of 91.08, a price-to-earnings-growth ratio of 3.46 and a beta of 1.40. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The business’s fifty day moving average is $2,089.74 and its 200 day moving average is $1,949.60.

Insider Activity

In related news, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction on 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 sale, the director now owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,589 shares of company stock valued at $31,258,963. 3.54% of the stock is currently owned by corporate insiders.

About Fair Isaac

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.