ClearAlpha Technologies LP Acquires 57 Shares of Fair Isaac Co. (NYSE:FICO)

ClearAlpha Technologies LP raised its stake in shares of Fair Isaac Co. (NYSE:FICO) by 24.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290 shares of the technology company’s stock after acquiring an additional 57 shares during the quarter. ClearAlpha Technologies LP’s holdings in Fair Isaac were worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FICO. Capital Performance Advisors LLP purchased a new position in Fair Isaac in the third quarter valued at about $25,000. Tortoise Investment Management LLC grew its position in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares during the last quarter. True Wealth Design LLC grew its position in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in Fair Isaac in the second quarter valued at approximately $34,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. This represents a 73.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 10,390 shares of company stock valued at $21,901,887 in the last three months. 3.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. Robert W. Baird increased their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Oppenheimer boosted their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Four 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Fair Isaac Stock Up 0.9 %

Fair Isaac stock opened at $2,375.03 on Monday. Fair Isaac Co. has a 52 week low of $1,070.37 and a 52 week high of $2,402.51. The business’s 50-day moving average price is $2,101.37 and its 200 day moving average price is $1,761.41. The firm has a market cap of $57.83 billion, a price-to-earnings ratio of 116.14, a price-to-earnings-growth ratio of 4.37 and a beta of 1.35.

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.