Fifth Third Wealth Advisors LLC Raises Stake in Fair Isaac Co. (NYSE:FICO)

Fifth Third Wealth Advisors LLC increased its stake in Fair Isaac Co. (NYSE:FICO) by 15.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 290 shares of the technology company’s stock after acquiring an additional 39 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Fair Isaac were worth $577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP purchased a new position in shares of Fair Isaac during the third quarter worth approximately $25,000. True Wealth Design LLC grew its stake in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the period. Versant Capital Management Inc raised its position in Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after purchasing an additional 20 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after buying an additional 6 shares during the period. Institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group began coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the company a “buy” rating in a report on Wednesday. Barclays upped their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,087.77.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the transaction, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac 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 transaction 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. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,589 shares of company stock worth $31,258,963. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Down 2.9 %

FICO opened at $1,971.70 on Friday. The company has a market cap of $48.01 billion, a P/E ratio of 96.42, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40. The firm’s 50-day moving average price is $2,174.74 and its 200-day moving average price is $1,926.32. Fair Isaac Co. has a 52-week low of $1,105.65 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.