abrdn plc Grows Stock Holdings in Fair Isaac Co. (NYSE:FICO)

abrdn plc raised its position in Fair Isaac Co. (NYSE:FICO – Get Rating) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,065 shares of the technology company’s stock after acquiring an additional 74 shares during the quarter. abrdn plc’s holdings in Fair Isaac were worth $1,835,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FICO. Private Advisor Group LLC bought a new stake in shares of Fair Isaac during the 1st quarter valued at about $324,000. PNC Financial Services Group Inc. boosted its stake in shares of Fair Isaac by 3.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,845 shares of the technology company’s stock valued at $860,000 after purchasing an additional 54 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Fair Isaac by 423.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293 shares of the technology company’s stock valued at $137,000 after purchasing an additional 237 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Fair Isaac by 0.7% during the first quarter. Great West Life Assurance Co. Can now owns 20,658 shares of the technology company’s stock worth $9,998,000 after acquiring an additional 135 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in Fair Isaac by 12.4% during the first quarter. Raymond James Trust N.A. now owns 964 shares of the technology company’s stock worth $449,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Insiders Place Their Bets

In other Fair Isaac news, EVP Stephanie Covert sold 1,335 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $740.34, for a total value of $988,353.90. Following the completion of the sale, the executive vice president now owns 8,067 shares in the company, valued at approximately $5,972,322.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.37% of the stock is currently owned by company insiders.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $765.21 on Thursday. Fair Isaac Co. has a one year low of $371.52 and a one year high of $794.02. The stock has a market cap of $19.12 billion, a P/E ratio of 51.01 and a beta of 1.27. The stock’s fifty day moving average is $713.94 and its 200 day moving average is $658.97.

Analysts Set New Price Targets

Several research firms recently commented on FICO. Barclays boosted their price objective on shares of Fair Isaac from $820.00 to $920.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their price target on Fair Isaac from $743.00 to $759.00 in a report on Friday, April 28th. Jefferies Financial Group increased their price target on Fair Isaac from $745.00 to $875.00 in a report on Tuesday, May 2nd. Needham & Company LLC increased their price target on Fair Isaac from $825.00 to $855.00 in a report on Monday. Finally, The Goldman Sachs Group increased their price target on Fair Isaac from $709.00 to $807.00 and gave the company a “buy” rating in a report on Friday, January 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $810.86.

Fair Isaac Company Profile

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Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.