Park Avenue Securities LLC Boosts Holdings in Fair Isaac Co. (NYSE:FICO)

Park Avenue Securities LLC lifted its stake in Fair Isaac Co. (NYSE:FICO) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469 shares of the technology company’s stock after buying an additional 17 shares during the period. Park Avenue Securities LLC’s holdings in Fair Isaac were worth $934,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FICO. Mercer Global Advisors Inc. ADV grew its position in Fair Isaac by 5.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 779 shares of the technology company’s stock worth $1,159,000 after purchasing an additional 43 shares during the last quarter. Summit Trail Advisors LLC purchased a new position in Fair Isaac during the 2nd quarter worth $284,000. Profund Advisors LLC grew its position in Fair Isaac by 6.1% during the 2nd quarter. Profund Advisors LLC now owns 524 shares of the technology company’s stock worth $780,000 after purchasing an additional 30 shares during the last quarter. ProShare Advisors LLC grew its position in Fair Isaac by 6.8% during the 2nd quarter. ProShare Advisors LLC now owns 4,540 shares of the technology company’s stock worth $6,759,000 after purchasing an additional 288 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its position in Fair Isaac by 5.3% during the 2nd quarter. Fidelis Capital Partners LLC now owns 276 shares of the technology company’s stock worth $411,000 after purchasing an additional 14 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Down 3.7 %

Shares of NYSE FICO opened at $1,897.10 on Tuesday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.51. The firm has a 50-day moving average price of $2,152.86 and a 200 day moving average price of $1,937.65. The stock has a market capitalization of $46.19 billion, a price-to-earnings ratio of 92.77, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Oppenheimer reduced their target price on shares of 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,087.77.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the transaction, the director now owns 92 shares in the company, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac 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 transaction, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,589 shares of company stock worth $31,258,963 over the last 90 days. Company 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.