Brooklyn Investment Group Buys New Stake in Fair Isaac Co. (NYSE:FICO)

Brooklyn Investment Group bought a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30 shares of the technology company’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. lifted its position in Fair Isaac by 2.2% during the third quarter. D.A. Davidson & CO. now owns 615 shares of the technology company’s stock valued at $1,195,000 after acquiring an additional 13 shares during the last quarter. FMR LLC increased its stake in Fair Isaac by 46.1% during the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after purchasing an additional 65,297 shares in the last quarter. Bowie Capital Management LLC increased its stake in Fair Isaac by 3.6% during the 3rd quarter. Bowie Capital Management LLC now owns 67,093 shares of the technology company’s stock valued at $130,397,000 after purchasing an additional 2,315 shares in the last quarter. Private Trust Co. NA increased its stake in Fair Isaac by 57.6% during the 3rd quarter. Private Trust Co. NA now owns 145 shares of the technology company’s stock valued at $282,000 after purchasing an additional 53 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased 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 valued at $1,477,000 after purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

FICO stock opened at $2,354.00 on Friday. The firm has a market cap of $57.32 billion, a PE ratio of 115.11, a P/E/G ratio of 4.34 and a beta of 1.35. The firm’s fifty day moving average is $2,083.91 and its 200 day moving average is $1,747.07. Fair Isaac Co. has a one year low of $1,067.36 and a one year high of $2,402.51.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent analyst reports. UBS Group initiated coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Needham & Company LLC increased 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. Oppenheimer increased their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird increased their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four investment 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,390 shares of company stock worth $21,901,887. 3.54% of the stock is owned by company 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.