Mediolanum International Funds Ltd boosted its stake in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) by 24.1% in the third quarter, HoldingsChannel reports. The firm owned 5,440 shares of the technology company’s stock after purchasing an additional 1,058 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Fair Isaac were worth $8,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 8.1% during the third quarter. Principal Financial Group Inc. now owns 404,105 shares of the technology company’s stock worth $604,819,000 after purchasing an additional 30,253 shares during the period. UMB Bank n.a. boosted its stake in shares of Fair Isaac by 17.3% in the third quarter. UMB Bank n.a. now owns 122 shares of the technology company’s stock valued at $183,000 after buying an additional 18 shares during the period. Transcend Capital Advisors LLC grew its position in Fair Isaac by 101.0% during the third quarter. Transcend Capital Advisors LLC now owns 577 shares of the technology company’s stock worth $863,000 after buying an additional 290 shares in the last quarter. Keybank National Association OH increased its stake in Fair Isaac by 2.0% during the 3rd quarter. Keybank National Association OH now owns 1,336 shares of the technology company’s stock worth $1,999,000 after acquiring an additional 26 shares during the period. Finally, National Pension Service raised its holdings in Fair Isaac by 5.9% in the 3rd quarter. National Pension Service now owns 37,938 shares of the technology company’s stock valued at $56,775,000 after acquiring an additional 2,113 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.
Fair Isaac Stock Performance
Shares of Fair Isaac stock opened at $1,451.55 on Tuesday. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,217.60. The stock has a market capitalization of $34.43 billion, a PE ratio of 53.72, a price-to-earnings-growth ratio of 1.64 and a beta of 1.27. The stock has a 50 day moving average price of $1,679.07 and a two-hundred day moving average price of $1,603.82.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FICO. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fair Isaac in a report on Monday, December 29th. Jefferies Financial Group lifted their price target on Fair Isaac from $2,100.00 to $2,200.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Wells Fargo & Company boosted their price objective on shares of Fair Isaac from $2,400.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Zacks Research cut Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,071.43.
View Our Latest Stock Analysis on Fair Isaac
Insider Buying and Selling
In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the sale, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. This represents a 18.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eva Manolis sold 521 shares of Fair Isaac stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the sale, the director owned 344 shares in the company, valued at $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,347 shares of company stock worth $7,691,229. 3.02% of the stock is owned by insiders.
Fair Isaac Profile
Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.
FICO’s product portfolio centers on analytics and decisioning technologies.
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