Nomura Asset Management Co. Ltd. Increases Position in Fair Isaac Co. (NYSE:FICO)

Nomura Asset Management Co. Ltd. lifted its holdings in Fair Isaac Co. (NYSE:FICO) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,272 shares of the technology company’s stock after buying an additional 191 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Fair Isaac were worth $29,681,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac during the third quarter valued at $25,000. Tortoise Investment Management LLC lifted its holdings in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares in the last quarter. True Wealth Design LLC boosted its position in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after buying an additional 18 shares during the period. Meeder Asset Management Inc. increased its position 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 worth $43,000 after acquiring an additional 6 shares during the period. Finally, Family Firm Inc. purchased a new position in shares of Fair Isaac during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Oppenheimer boosted their price target on Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Barclays raised their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted 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 report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,022.67.

Fair Isaac Stock Down 2.6 %

Shares of FICO opened at $2,170.00 on Wednesday. The company has a 50 day moving average of $2,155.66 and a two-hundred day moving average of $1,809.59. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The company has a market cap of $52.84 billion, a price-to-earnings ratio of 106.11, a price-to-earnings-growth ratio of 4.37 and a beta of 1.36.

Insider Buying and Selling

In other news, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 92 shares in the company, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the transaction, 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. Insiders have sold a total of 9,929 shares of company stock worth $23,278,612 in the last ninety days. 3.54% of the stock is owned by insiders.

Fair Isaac Company 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.