Fair Isaac Co. (NYSE:FICO) Short Interest Up 13.5% in January

Fair Isaac Co. (NYSE:FICO) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 669,900 shares, an increase of 13.5% from the December 31st total of 590,000 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 156,700 shares, the short-interest ratio is presently 4.3 days.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FICO. Wells Fargo & Company upped their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. started coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target for the company. Needham & Company LLC boosted their price target 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. Finally, Oppenheimer dropped their target price on shares of 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,087.77.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares in the company, valued at $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the sale, the executive vice president now owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,589 shares of company stock worth $31,258,963. Company insiders own 3.46% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

A number of large investors have recently made changes to their positions in FICO. International Assets Investment Management LLC raised its position in shares of Fair Isaac by 189,461.6% in 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 buying an additional 538,071 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Fair Isaac by 1,270.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock valued at $142,413,000 after acquiring an additional 67,931 shares in the last quarter. FMR LLC raised its holdings in shares of Fair Isaac by 46.1% in the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after acquiring an additional 65,297 shares in the last quarter. Jennison Associates LLC raised its stake in Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after purchasing an additional 62,653 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in shares of Fair Isaac by 1,845.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company’s stock worth $72,169,000 after acquiring an additional 35,224 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Down 2.5 %

Fair Isaac stock traded down $46.58 during trading on Monday, hitting $1,826.98. The stock had a trading volume of 266,420 shares, compared to its average volume of 224,019. The stock has a market cap of $44.65 billion, a price-to-earnings ratio of 89.34, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. Fair Isaac has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The stock’s 50 day moving average is $2,070.67 and its two-hundred day moving average is $1,955.82.

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.