South Dakota Investment Council Takes $550,000 Position in Fair Isaac Corporation $FICO

South Dakota Investment Council bought a new stake in Fair Isaac Corporation (NYSE:FICO) in the second quarter, Holdings Channel reports. The institutional investor bought 301 shares of the technology company’s stock, valued at approximately $550,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. iA Global Asset Management Inc. raised its holdings in shares of Fair Isaac by 52.2% in the second quarter. iA Global Asset Management Inc. now owns 1,903 shares of the technology company’s stock valued at $3,479,000 after buying an additional 653 shares during the last quarter. Tredje AP fonden increased its stake in shares of Fair Isaac by 4.3% during the second quarter. Tredje AP fonden now owns 2,085 shares of the technology company’s stock worth $3,811,000 after acquiring an additional 85 shares during the period. Eleva Capital SAS acquired a new position in shares of Fair Isaac during the second quarter worth about $342,000. Firetrail Investments PTY Ltd. acquired a new position in shares of Fair Isaac during the second quarter worth about $5,793,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Fair Isaac during the second quarter worth about $519,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the company’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the sale, the chief executive officer owned 43,207 shares of the company’s stock, valued at $70,485,307.38. This represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 18,032 shares of company stock valued at $28,094,085 over the last quarter. 3.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Zacks Research upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,137.43.

Fair Isaac Trading Down 2.7%

Shares of FICO opened at $1,605.26 on Wednesday. Fair Isaac Corporation has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The firm has a market capitalization of $38.53 billion, a P/E ratio of 62.78, a PEG ratio of 1.63 and a beta of 1.35. The firm’s 50-day moving average is $1,595.68 and its two-hundred day moving average is $1,670.91.

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.