Public Sector Pension Investment Board Buys 100 Shares of Fair Isaac Co. (NYSE:FICO)

Public Sector Pension Investment Board boosted its position in Fair Isaac Co. (NYSE:FICO) by 10.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,042 shares of the technology company’s stock after buying an additional 100 shares during the quarter. Public Sector Pension Investment Board’s holdings in Fair Isaac were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Fair Isaac during the 3rd quarter valued at $25,000. Tortoise Investment Management LLC boosted its stake in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the period. Family Firm Inc. purchased a new position in Fair Isaac during the 2nd quarter valued at about $34,000. 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 valued at $43,000 after buying an additional 6 shares during the period. Finally, Valley National Advisers Inc. bought a new position in shares of Fair Isaac in the second quarter valued at approximately $52,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $2,367.16 on Friday. Fair Isaac Co. has a one year low of $1,099.74 and a one year high of $2,402.51. The business’s 50 day simple moving average is $2,126.85 and its two-hundred day simple moving average is $1,781.45. The stock has a market capitalization of $57.64 billion, a P/E ratio of 115.75, a price-to-earnings-growth ratio of 4.32 and a beta of 1.36.

Wall Street Analysts Forecast Growth

FICO has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” 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 research report on Thursday, November 7th. 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 report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,022.67.

Insider Activity at Fair Isaac

In other Fair Isaac news, 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 value of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at $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. Insiders sold 6,429 shares of company stock worth $14,970,137 in the last three months. 3.54% of the stock is owned by 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.