Wilmington Savings Fund Society FSB Takes $1.52 Million Position in Fair Isaac Co. (NYSE:FICO)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 780 shares of the technology company’s stock, valued at approximately $1,516,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Heritage Family Offices LLP boosted its position in Fair Isaac by 2.0% in the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after purchasing an additional 6 shares during the period. Moss Adams Wealth Advisors LLC boosted its holdings in shares of Fair Isaac by 4.0% in the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after buying an additional 6 shares during the last quarter. Covestor Ltd grew its position in Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after buying an additional 6 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of the company’s 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 transaction of $582,298.95. Following the sale, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. This represents a 73.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the transaction, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at approximately $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,930 shares of company stock valued at $23,281,002. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Price Performance

FICO stock opened at $2,168.89 on Friday. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The business has a 50 day simple moving average of $2,170.83 and a two-hundred day simple moving average of $1,823.34. The company has a market capitalization of $52.81 billion, a price-to-earnings ratio of 106.06, a PEG ratio of 4.05 and a beta of 1.36.

Wall Street Analyst Weigh In

FICO has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of 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. Wells Fargo & Company lifted their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer upped their price target on Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. UBS Group assumed coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective on the stock. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $2,022.67.

Fair Isaac Profile

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.