Fair Isaac Co. (NYSE:FICO) Short Interest Up 13.5% in December

Fair Isaac Co. (NYSE:FICO) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 669,900 shares, an increase of 13.5% from the December 15th total of 590,000 shares. Based on an average daily volume of 156,700 shares, the short-interest ratio is presently 4.3 days. Currently, 2.8% of the shares of the stock are short sold.

Insider Activity

In other news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the sale, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. This represents a 6.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,589 shares of company stock worth $31,258,963. Corporate insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

Several hedge funds have recently modified their holdings of FICO. First National Bank of Omaha acquired a new stake in Fair Isaac in the third quarter worth $1,576,000. National Bank of Canada FI boosted its position in shares of Fair Isaac by 51.9% during the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock worth $38,514,000 after purchasing an additional 6,768 shares in the last quarter. Swedbank AB grew its stake in shares of Fair Isaac by 11.5% in the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after buying an additional 1,013 shares during the period. BNP Paribas bought a new stake in Fair Isaac in the 3rd quarter valued at about $445,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Fair Isaac by 86.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock worth $1,477,000 after buying an additional 352 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,897.10 on Friday. Fair Isaac has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51. The stock has a 50 day simple moving average of $2,161.98 and a two-hundred day simple moving average of $1,929.40. The company has a market cap of $46.19 billion, a P/E ratio of 92.77, a PEG ratio of 3.55 and a beta of 1.40.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FICO shares. Robert W. Baird lifted their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays increased their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Oppenheimer lowered their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Five investment 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $2,087.77.

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.