First National Bank Sioux Falls acquired a new stake in Fair Isaac Corporation (NYSE:FICO – Free Report) in the first quarter, Holdings Channel reports. The institutional investor acquired 522 shares of the technology company’s stock, valued at approximately $559,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. GW&K Investment Management LLC boosted its holdings in Fair Isaac by 4.6% in the 3rd quarter. GW&K Investment Management LLC now owns 136 shares of the technology company’s stock worth $204,000 after buying an additional 6 shares during the last quarter. Great Lakes Advisors LLC raised its position in shares of Fair Isaac by 5.7% in the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after buying an additional 6 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Fair Isaac by 1.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 367 shares of the technology company’s stock valued at $620,000 after buying an additional 7 shares during the last quarter. San Luis Wealth Advisors LLC lifted its stake in shares of Fair Isaac by 2.8% in the third quarter. San Luis Wealth Advisors LLC now owns 253 shares of the technology company’s stock worth $379,000 after buying an additional 7 shares in the last quarter. Finally, Arete Wealth Advisors LLC lifted its stake in shares of Fair Isaac by 3.9% in the third quarter. Arete Wealth Advisors LLC now owns 215 shares of the technology company’s stock worth $322,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.
Fair Isaac Stock Performance
FICO stock opened at $1,087.76 on Tuesday. Fair Isaac Corporation has a one year low of $870.01 and a one year high of $1,998.01. The stock has a market capitalization of $25.23 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28. The company has a fifty day moving average of $1,125.54 and a 200-day moving average of $1,331.87.
Fair Isaac declared that its board has authorized a stock buyback program on Wednesday, February 25th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Jefferies Financial Group lowered their price objective on Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Raymond James Financial reissued an “outperform” rating and issued a $1,750.00 price target on shares of Fair Isaac in a research note on Wednesday, April 29th. Barclays dropped their target price on Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Wells Fargo & Company cut their price objective on Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $1,549.00 price target on shares of Fair Isaac in a research note on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,626.50.
Read Our Latest Stock Analysis on FICO
Fair Isaac Company Profile
Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.
FICO’s product portfolio centers on analytics and decisioning technologies.
Featured Articles
- Five stocks we like better than Fair Isaac
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Want to see what other hedge funds are holding FICO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fair Isaac Corporation (NYSE:FICO – Free Report).
Receive News & Ratings for Fair Isaac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac and related companies with MarketBeat.com's FREE daily email newsletter.
