Fair Isaac Co. (NYSE:FICO) Stake Boosted by IHT Wealth Management LLC

IHT Wealth Management LLC raised its position in shares of Fair Isaac Co. (NYSE:FICO) by 19.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200 shares of the technology company’s stock after buying an additional 33 shares during the quarter. IHT Wealth Management LLC’s holdings in Fair Isaac were worth $388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FICO. International Assets Investment Management LLC lifted its position in shares of Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after acquiring an additional 538,071 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Fair Isaac by 6.7% in the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock worth $514,523,000 after buying an additional 21,768 shares during the period. Jennison Associates LLC grew its holdings in shares of Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after buying an additional 62,653 shares in the last quarter. Finally, FMR LLC raised its position in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after buying an additional 65,297 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac 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 value of $582,298.95. Following the transaction, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the completion of the sale, the executive vice president now directly owns 48,895 shares of the company’s stock, valued at $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 three months, insiders sold 6,429 shares of company stock worth $14,970,137. 3.54% of the stock is owned by insiders.

Fair Isaac Stock Up 0.2 %

Shares of Fair Isaac stock opened at $2,371.83 on Monday. Fair Isaac Co. has a 12-month low of $1,099.74 and a 12-month high of $2,402.51. The stock has a 50 day moving average price of $2,144.84 and a two-hundred day moving average price of $1,797.90. The stock has a market capitalization of $57.75 billion, a P/E ratio of 115.98, a PEG ratio of 4.38 and a beta of 1.36.

Analysts Set New Price Targets

Several equities analysts have weighed in on FICO shares. The Goldman Sachs Group lifted their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group assumed coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Finally, Needham & Company LLC boosted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,022.67.

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.