Fair Isaac Co. (NYSE:FICO) Stake Boosted by Procyon Advisors LLC

Procyon Advisors LLC increased its position in shares of Fair Isaac Co. (NYSE:FICO) by 11.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 745 shares of the technology company’s stock after buying an additional 77 shares during the quarter. Procyon Advisors LLC’s holdings in Fair Isaac were worth $1,483,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after purchasing an additional 5,472 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after buying an additional 7,466 shares during the last quarter. Geode Capital Management LLC raised its position in Fair Isaac by 1.0% during the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock valued at $1,251,537,000 after acquiring an additional 6,510 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Fair Isaac by 189,461.6% in the third 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 during the last quarter. Finally, Principal Financial Group Inc. grew its position in Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after acquiring an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. UBS Group initiated coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Wells Fargo & Company increased their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC boosted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Oppenheimer lowered their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,087.77.

Fair Isaac Price Performance

NYSE:FICO opened at $1,897.10 on Friday. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.51. The company has a fifty day moving average price of $2,161.98 and a 200 day moving average price of $1,929.40. The stock 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.

Insider Transactions at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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 directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,589 shares of company stock worth $31,258,963. 3.54% of the stock is currently owned by company insiders.

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.