Baird Financial Group Inc. Has $1.79 Million Stake in Fair Isaac Co. (NYSE:FICO)

Baird Financial Group Inc. grew its position in Fair Isaac Co. (NYSE:FICOGet Rating) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,455 shares of the technology company’s stock after purchasing an additional 144 shares during the quarter. Baird Financial Group Inc.’s holdings in Fair Isaac were worth $1,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FICO. Van ECK Associates Corp grew its position in Fair Isaac by 10.9% during the first quarter. Van ECK Associates Corp now owns 3,350 shares of the technology company’s stock worth $1,563,000 after buying an additional 330 shares in the last quarter. WINTON GROUP Ltd grew its position in Fair Isaac by 129.5% during the first quarter. WINTON GROUP Ltd now owns 2,116 shares of the technology company’s stock worth $987,000 after buying an additional 1,194 shares in the last quarter. Ritholtz Wealth Management grew its position in Fair Isaac by 327.0% during the second quarter. Ritholtz Wealth Management now owns 1,994 shares of the technology company’s stock worth $799,000 after buying an additional 1,527 shares in the last quarter. Coastline Trust Co grew its position in Fair Isaac by 2.6% during the first quarter. Coastline Trust Co now owns 2,165 shares of the technology company’s stock worth $1,010,000 after buying an additional 55 shares in the last quarter. Finally, Accretive Wealth Partners LLC grew its position in Fair Isaac by 2.8% during the first quarter. Accretive Wealth Partners LLC now owns 2,137 shares of the technology company’s stock worth $997,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds own 86.95% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of research analyst reports. Needham & Company LLC raised their target price on Fair Isaac from $600.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, November 10th. Jefferies Financial Group raised their target price on Fair Isaac from $545.00 to $695.00 and gave the company a “buy” rating in a report on Friday, November 11th. TheStreet raised Fair Isaac from a “c+” rating to a “b” rating in a report on Wednesday, August 31st. The Goldman Sachs Group raised their target price on Fair Isaac from $541.00 to $614.00 and gave the company a “buy” rating in a report on Thursday, November 10th. Finally, Barclays raised their target price on Fair Isaac from $535.00 to $575.00 and gave the company an “overweight” rating in a report on Thursday, November 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $597.80.

Fair Isaac Stock Performance

Shares of FICO opened at $586.71 on Friday. Fair Isaac Co. has a 52 week low of $340.48 and a 52 week high of $623.61. The stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 41.32 and a beta of 1.23. The stock has a fifty day moving average of $454.99 and a 200-day moving average of $435.17.

Insider Activity

In other news, CAO Michael S. Leonard sold 1,934 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $600.21, for a total value of $1,160,806.14. Following the completion of the transaction, the chief accounting officer now directly owns 5,237 shares in the company, valued at approximately $3,143,299.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Mark R. Scadina sold 13,793 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $601.28, for a total transaction of $8,293,455.04. Following the completion of the transaction, the executive vice president now directly owns 19,186 shares of the company’s stock, valued at approximately $11,536,158.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael S. Leonard sold 1,934 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $600.21, for a total value of $1,160,806.14. Following the transaction, the chief accounting officer now directly owns 5,237 shares of the company’s stock, valued at $3,143,299.77. The disclosure for this sale can be found here. 3.27% of the stock is owned by corporate insiders.

About Fair Isaac

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Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.

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

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