Fair Isaac Co. (NYSE:FICO) Shares Acquired by Investment Management Corp of Ontario

Investment Management Corp of Ontario grew its stake in shares of Fair Isaac Co. (NYSE:FICO) by 33.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 799 shares of the technology company’s stock after purchasing an additional 200 shares during the period. Investment Management Corp of Ontario’s holdings in Fair Isaac were worth $1,553,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Janus Henderson Group PLC lifted its holdings in shares of Fair Isaac by 20.8% during the third quarter. Janus Henderson Group PLC now owns 4,320 shares of the technology company’s stock valued at $8,398,000 after purchasing an additional 744 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Fair Isaac by 2.6% during the third quarter. HighTower Advisors LLC now owns 1,516 shares of the technology company’s stock valued at $2,968,000 after purchasing an additional 38 shares during the last quarter. Holocene Advisors LP purchased a new stake in Fair Isaac in the 3rd quarter worth about $8,637,000. Centiva Capital LP purchased a new stake in Fair Isaac in the 3rd quarter worth about $303,000. Finally, ClearAlpha Technologies LP lifted its stake in Fair Isaac by 24.5% in the 3rd quarter. ClearAlpha Technologies LP now owns 290 shares of the technology company’s stock worth $564,000 after acquiring an additional 57 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fair Isaac

In other news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the sale, the executive vice president now owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This trade represents a 6.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the sale, the director now directly owns 92 shares in the company, valued at $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,429 shares of company stock valued at $14,970,137. Corporate insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FICO shares. UBS Group started coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Wells Fargo & Company increased their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer increased their price objective on Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Robert W. Baird increased their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and an average target price of $1,998.75.

Fair Isaac Stock Performance

Shares of FICO stock opened at $2,371.47 on Thursday. The stock’s 50 day simple moving average is $2,117.64 and its 200 day simple moving average is $1,777.29. Fair Isaac Co. has a twelve month low of $1,099.74 and a twelve month high of $2,402.51. The company has a market capitalization of $57.74 billion, a price-to-earnings ratio of 115.96, a PEG ratio of 4.29 and a beta of 1.36.

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.