Fair Isaac Co. (NYSE:FICO) Position Reduced by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC lessened its stake in Fair Isaac Co. (NYSE:FICO) by 35.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 569 shares of the technology company’s stock after selling 319 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Fair Isaac were worth $1,106,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Quent Capital LLC grew its holdings in shares of Fair Isaac by 11.4% during the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock valued at $292,000 after purchasing an additional 24 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Fair Isaac in the 1st quarter worth about $26,000. Janus Henderson Group PLC increased its stake in shares of Fair Isaac by 19.1% in the first quarter. Janus Henderson Group PLC now owns 4,009 shares of the technology company’s stock valued at $5,009,000 after purchasing an additional 644 shares during the period. Swedbank AB acquired a new position in shares of Fair Isaac during the first quarter worth approximately $10,962,000. Finally, Atria Investments Inc increased its position in Fair Isaac by 8.7% in the 1st quarter. Atria Investments Inc now owns 5,547 shares of the technology company’s stock valued at $6,932,000 after acquiring an additional 445 shares during the period. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $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. Insiders sold 10,390 shares of company stock valued at $21,901,887 in the last quarter. Company insiders own 3.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of 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. Robert W. Baird upped their price target 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. UBS Group assumed 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 objective on the stock. Wells Fargo & Company increased their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada reissued 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,964.92.

Fair Isaac Stock Performance

Shares of FICO opened at $2,354.00 on Friday. The company has a market capitalization of $57.32 billion, a PE ratio of 115.11, a PEG ratio of 4.33 and a beta of 1.35. The company’s 50 day moving average price is $2,083.91 and its 200 day moving average price is $1,747.07. Fair Isaac Co. has a 52 week low of $1,067.36 and a 52 week high of $2,402.51.

About Fair Isaac

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.