Bamco Inc. NY Trims Stake in Fair Isaac Co. (NYSE:FICO)

Bamco Inc. NY lessened its position in Fair Isaac Co. (NYSE:FICO) by 16.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,870 shares of the technology company’s stock after selling 18,913 shares during the quarter. Bamco Inc. NY’s holdings in Fair Isaac were worth $186,325,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the 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 owns 92 shares in the company, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,390 shares of company stock worth $21,901,887. 3.54% of the stock is owned by insiders.

Fair Isaac Trading Up 0.9 %

Shares of FICO opened at $2,375.03 on Monday. The firm has a market cap of $57.83 billion, a PE ratio of 116.14, a P/E/G ratio of 4.37 and a beta of 1.35. Fair Isaac Co. has a 1-year low of $1,070.37 and a 1-year high of $2,402.51. The firm has a fifty day simple moving average of $2,101.37 and a two-hundred day simple moving average of $1,761.41.

Analyst Ratings Changes

A number of research firms recently weighed in on FICO. Barclays raised their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer raised their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. The Goldman Sachs Group upped their price target 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. Robert W. Baird raised their price objective on shares of 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. Finally, Wells Fargo & Company upped their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

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.