Fair Isaac Co. (NYSE:FICO) Short Interest Update

Fair Isaac Co. (NYSE:FICO) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 669,900 shares, a growth of 13.5% from the December 31st total of 590,000 shares. Approximately 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 156,700 shares, the short-interest ratio is currently 4.3 days.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,589 shares of company stock worth $31,258,963. Insiders own 3.46% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Large investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in Fair Isaac by 0.5% during the third quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock valued at $2,031,299,000 after buying an additional 5,472 shares during the period. JPMorgan Chase & Co. boosted its stake in Fair Isaac by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after buying an additional 7,466 shares during the period. Geode Capital Management LLC boosted its stake in Fair Isaac by 1.0% during the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock valued at $1,251,537,000 after buying an additional 6,510 shares during the period. International Assets Investment Management LLC boosted its stake in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after buying an additional 538,071 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after buying an additional 1,977 shares during the period. 85.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Needham & Company LLC upped their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Jefferies Financial Group upped their price target on Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Wells Fargo & Company upped their price target 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. Finally, Oppenheimer lowered their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target of $2,087.77.

Fair Isaac Stock Performance

NYSE FICO traded down $53.10 on Monday, hitting $1,820.46. 128,433 shares of the stock traded hands, compared to its average volume of 217,213. The business’s fifty day moving average is $2,070.67 and its two-hundred day moving average is $1,955.82. Fair Isaac has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The firm has a market capitalization of $44.49 billion, a price-to-earnings ratio of 89.06, a PEG ratio of 3.45 and a beta of 1.39.

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.