Forsta AP Fonden Cuts Holdings in Fair Isaac Co. (NYSE:FICO)

Forsta AP Fonden cut its position in shares of Fair Isaac Co. (NYSE:FICOGet Rating) by 81.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,600 shares of the technology company’s stock after selling 7,000 shares during the quarter. Forsta AP Fonden’s holdings in Fair Isaac were worth $641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lindsell Train Ltd purchased a new position in Fair Isaac during the first quarter worth about $325,150,000. WCM Investment Management LLC boosted its stake in Fair Isaac by 1.5% in the first quarter. WCM Investment Management LLC now owns 620,881 shares of the technology company’s stock valued at $289,616,000 after acquiring an additional 9,411 shares during the last quarter. AKO Capital LLP boosted its stake in Fair Isaac by 26.5% in the second quarter. AKO Capital LLP now owns 490,935 shares of the technology company’s stock valued at $196,816,000 after acquiring an additional 102,724 shares during the last quarter. AF Advisors Inc. boosted its stake in Fair Isaac by 21.6% in the second quarter. AF Advisors Inc. now owns 374,256 shares of the technology company’s stock valued at $150,039,000 after acquiring an additional 66,501 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Fair Isaac by 10.5% in the second quarter. Principal Financial Group Inc. now owns 219,114 shares of the technology company’s stock valued at $87,843,000 after acquiring an additional 20,763 shares during the last quarter. 86.95% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Down 1.8 %

NYSE FICO opened at $576.20 on Monday. The company’s 50 day moving average is $457.48 and its 200-day moving average is $437.45. Fair Isaac Co. has a 12-month low of $340.48 and a 12-month high of $623.61. The firm has a market cap of $14.39 billion, a P/E ratio of 40.58 and a beta of 1.23.

Insider Activity

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

Analysts Set New Price Targets

A number of research firms have weighed in on FICO. StockNews.com cut shares of Fair Isaac from a “buy” rating to a “hold” rating in a research note on Sunday, November 13th. Needham & Company LLC boosted their target price on shares of Fair Isaac from $600.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, November 10th. TheStreet upgraded shares of Fair Isaac from a “c+” rating to a “b” rating in a research note on Wednesday, August 31st. Barclays boosted their price target on shares of Fair Isaac from $535.00 to $575.00 and gave the company an “overweight” rating in a research report on Thursday, November 10th. Finally, Jefferies Financial Group boosted their price target on shares of Fair Isaac from $545.00 to $695.00 and gave the company a “buy” rating in a research report on Friday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $597.80.

Fair Isaac Profile

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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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