Fiduciary Trust Co Sells 16 Shares of Fair Isaac Co. (NYSE:FICO)

Fiduciary Trust Co reduced its holdings in Fair Isaac Co. (NYSE:FICO) by 1.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 994 shares of the technology company’s stock after selling 16 shares during the quarter. Fiduciary Trust Co’s holdings in Fair Isaac were worth $1,931,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings 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 worth $1,046,304,000 after buying an additional 538,071 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of Fair Isaac by 1,270.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock valued at $142,413,000 after purchasing an additional 67,931 shares during the period. FMR LLC boosted its position in shares of Fair Isaac by 46.1% during the third 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. Westwind Capital grew its stake in Fair Isaac by 891.8% in the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after purchasing an additional 62,710 shares during the period. Finally, Jennison Associates LLC raised its holdings in Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after purchasing an additional 62,653 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Needham & Company LLC upped their target price on shares of 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. Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Oppenheimer upped their price target on 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, Barclays lifted their price objective 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. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $1,964.92.

Insider Buying and Selling

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This represents 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 insiders.

Fair Isaac Stock Up 1.2 %

Shares of FICO stock opened at $2,382.63 on Friday. The company has a 50 day moving average price of $2,092.41 and a 200-day moving average price of $1,751.28. Fair Isaac Co. has a 52 week low of $1,070.37 and a 52 week high of $2,402.51. The firm has a market capitalization of $58.02 billion, a PE ratio of 116.51, a P/E/G ratio of 4.33 and a beta of 1.35.

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.