Boston Partners trimmed its position in shares of Fair Isaac Co. (NYSE:FICO – Free Report) by 98.4% during the second quarter, HoldingsChannel reports. The fund owned 4,259 shares of the technology company’s stock after selling 265,001 shares during the quarter. Boston Partners’ holdings in Fair Isaac were worth $3,447,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in Fair Isaac by 20.3% in the first quarter. State Street Corp now owns 996,863 shares of the technology company’s stock valued at $700,484,000 after purchasing an additional 168,468 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Fair Isaac by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 929,015 shares of the technology company’s stock valued at $556,090,000 after purchasing an additional 5,225 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Fair Isaac by 1,713.6% in the first quarter. Envestnet Asset Management Inc. now owns 625,188 shares of the technology company’s stock valued at $27,508,000 after purchasing an additional 590,716 shares during the last quarter. Geode Capital Management LLC grew its holdings in Fair Isaac by 48.9% in the first quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock valued at $405,140,000 after purchasing an additional 189,562 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Fair Isaac by 25.0% in the fourth quarter. Morgan Stanley now owns 449,919 shares of the technology company’s stock valued at $269,313,000 after purchasing an additional 89,888 shares during the last quarter. 85.17% of the stock is owned by institutional investors and hedge funds.
Fair Isaac Stock Performance
Shares of NYSE:FICO opened at $1,052.87 on Tuesday. The company has a market cap of $26.02 billion, a P/E ratio of 62.19, a PEG ratio of 2.94 and a beta of 1.18. Fair Isaac Co. has a one year low of $568.90 and a one year high of $1,059.68. The business’s 50-day simple moving average is $909.08 and its 200 day simple moving average is $848.95.
Insider Activity at Fair Isaac
Analyst Upgrades and Downgrades
A number of brokerages have commented on FICO. Needham & Company LLC increased their target price on Fair Isaac from $900.00 to $1,100.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. HSBC assumed coverage on Fair Isaac in a research note on Friday, September 29th. They issued a “reduce” rating and a $729.00 target price for the company. Raymond James raised their price target on Fair Isaac from $975.00 to $1,029.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Wells Fargo & Company started coverage on shares of Fair Isaac in a research note on Wednesday, November 8th. They set an “overweight” rating and a $1,120.00 price objective for the company. Finally, StockNews.com assumed coverage on shares of Fair Isaac in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $936.80.
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.
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