Caisse DE Depot ET Placement DU Quebec Purchases Shares of 3,157 Fair Isaac Co. (NYSE:FICO)

Caisse DE Depot ET Placement DU Quebec acquired a new position in Fair Isaac Co. (NYSE:FICO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,157 shares of the technology company’s stock, valued at approximately $6,136,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FICO. Progeny 3 Inc. bought a new stake in Fair Isaac during the 3rd quarter valued at approximately $7,084,000. Fred Alger Management LLC purchased a new stake in Fair Isaac during the 3rd quarter valued at approximately $8,458,000. Eventide Asset Management LLC bought a new stake in shares of Fair Isaac during the third quarter valued at approximately $2,354,000. Verition Fund Management LLC bought a new stake in shares of Fair Isaac during the third quarter valued at approximately $838,000. Finally, Captrust Financial Advisors boosted its position in shares of Fair Isaac by 9.3% during the third quarter. Captrust Financial Advisors now owns 600 shares of the technology company’s stock worth $1,167,000 after acquiring an additional 51 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

NYSE:FICO opened at $2,332.11 on Tuesday. The firm has a market capitalization of $56.79 billion, a PE ratio of 114.27, a PEG ratio of 4.37 and a beta of 1.35. The stock’s fifty day moving average is $2,101.37 and its 200 day moving average is $1,764.18. Fair Isaac Co. has a fifty-two week low of $1,099.74 and a fifty-two week high of $2,402.51.

Analyst Ratings Changes

FICO has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC lifted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Oppenheimer lifted 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, Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,998.75.

Insider Buying and Selling at Fair Isaac

In related news, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. The trade was a 6.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of 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. Insiders have sold 10,390 shares of company stock worth $21,901,887 over the last quarter. Insiders own 3.54% of the company’s stock.

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.