Victory Capital Management Inc. Raises Stock Position in Fair Isaac Co. (NYSE:FICO)

Victory Capital Management Inc. lifted its position in Fair Isaac Co. (NYSE:FICOFree Report) by 1.5% during the third quarter, Holdings Channel reports. The institutional investor owned 38,173 shares of the technology company’s stock after buying an additional 582 shares during the quarter. Victory Capital Management Inc.’s holdings in Fair Isaac were worth $33,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Fair Isaac by 2.0% in the 2nd quarter. BlackRock Inc. now owns 2,267,573 shares of the technology company’s stock worth $1,834,943,000 after buying an additional 44,037 shares during the last quarter. State Street Corp grew its position in shares of Fair Isaac by 0.8% in the 2nd quarter. State Street Corp now owns 1,004,738 shares of the technology company’s stock worth $813,044,000 after buying an additional 7,875 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Fair Isaac by 0.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 929,015 shares of the technology company’s stock worth $556,090,000 after buying an additional 5,225 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Fair Isaac by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 589,933 shares of the technology company’s stock worth $476,681,000 after buying an additional 12,693 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Fair Isaac by 25.0% in the 4th quarter. Morgan Stanley now owns 449,919 shares of the technology company’s stock worth $269,313,000 after buying an additional 89,888 shares during the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FICO. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Jefferies Financial Group lifted their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Raymond James lifted their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. StockNews.com began coverage on shares of Fair Isaac in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Needham & Company LLC lifted their target price on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,187.20.

Read Our Latest Report on Fair Isaac

Fair Isaac Trading Down 2.1 %

Shares of NYSE FICO opened at $1,197.09 on Wednesday. Fair Isaac Co. has a 12 month low of $640.12 and a 12 month high of $1,307.14. The company has a 50 day simple moving average of $1,163.44 and a two-hundred day simple moving average of $985.50. The stock has a market cap of $29.75 billion, a price-to-earnings ratio of 66.91, a PEG ratio of 3.41 and a beta of 1.27.

Fair Isaac (NYSE:FICOGet Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $4.01 EPS for the quarter, missing the consensus estimate of $4.20 by ($0.19). Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The business had revenue of $389.73 million for the quarter, compared to analyst estimates of $386.25 million. Analysts forecast that Fair Isaac Co. will post 20.22 EPS for the current year.

Insider Activity at Fair Isaac

In related news, Director David A. Rey sold 7,197 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $1,167.74, for a total value of $8,404,224.78. Following the completion of the transaction, the director now directly owns 1,303 shares in the company, valued at approximately $1,521,565.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Braden R. Kelly sold 3,308 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $1,035.50, for a total value of $3,425,434.00. Following the completion of the transaction, the director now directly owns 10,143 shares in the company, valued at approximately $10,503,076.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Rey sold 7,197 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $1,167.74, for a total transaction of $8,404,224.78. Following the completion of the sale, the director now directly owns 1,303 shares of the company’s stock, valued at approximately $1,521,565.22. The disclosure for this sale can be found here. Insiders sold a total of 22,297 shares of company stock worth $24,495,056 in the last three months. Company insiders own 3.54% of the company’s stock.

Fair Isaac Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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