UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) by 12.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 260,643 shares of the technology company’s stock after selling 35,482 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.21% of Fair Isaac worth $311,411,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in FICO. Bayban bought a new position in Fair Isaac during the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. increased its holdings in Fair Isaac by 100.0% during the second quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock valued at $44,000 after buying an additional 12 shares during the last quarter. Elyxium Wealth LLC bought a new position in Fair Isaac in the fourth quarter worth approximately $42,000. Keating Financial Advisory Services Inc. bought a new position in Fair Isaac in the second quarter worth approximately $30,000. Finally, Western Wealth Management LLC purchased a new position in shares of Fair Isaac during the 1st quarter worth $29,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.
Fair Isaac Price Performance
NYSE FICO opened at $1,146.26 on Tuesday. Fair Isaac Corporation has a 1-year low of $870.01 and a 1-year high of $1,998.01. The business has a 50 day simple moving average of $1,175.58 and a two-hundred day simple moving average of $1,172.54. The stock has a market capitalization of $24.76 billion, a PE ratio of 33.11, a P/E/G ratio of 1.04 and a beta of 1.30.
Insider Buying and Selling
In other Fair Isaac news, Director Eva Manolis sold 967 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the completion of the transaction, the director owned 498 shares in the company, valued at $697,200. This trade represents a 66.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of brokerages recently commented on FICO. Royal Bank Of Canada decreased their target price on Fair Isaac from $2,400.00 to $1,525.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. UBS Group reduced their price target on Fair Isaac from $1,200.00 to $1,130.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings raised Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $1,650.00 target price on shares of Fair Isaac in a research note on Thursday, July 30th. Finally, Barclays decreased their price target on Fair Isaac from $1,950.00 to $1,700.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,553.69.
Check Out Our Latest Stock Report on Fair Isaac
About Fair Isaac
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.
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