West Family Investments Inc. Sells 35 Shares of Fair Isaac Co. (NYSE:FICO)

West Family Investments Inc. reduced its position in Fair Isaac Co. (NYSE:FICO) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284 shares of the technology company’s stock after selling 35 shares during the quarter. West Family Investments Inc.’s holdings in Fair Isaac were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FICO. Cornercap Investment Counsel Inc. purchased a new position in Fair Isaac in the 4th quarter worth approximately $249,000. Patton Fund Management Inc. lifted its stake in Fair Isaac by 88.1% in the 4th quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock worth $5,378,000 after purchasing an additional 2,164 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Fair Isaac by 289.0% during the 4th quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock valued at $2,721,000 after purchasing an additional 1,737 shares during the last quarter. abrdn plc grew its position in shares of Fair Isaac by 33.1% during the fourth quarter. abrdn plc now owns 14,524 shares of the technology company’s stock valued at $16,906,000 after purchasing an additional 3,611 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Fair Isaac by 741.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock worth $4,152,000 after purchasing an additional 4,212 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FICO has been the subject of several analyst reports. Barclays raised their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Redburn Atlantic started coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 price target on shares of Fair Isaac in a research note on Monday, April 22nd. Raymond James raised their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,224.40.

Fair Isaac Price Performance

Shares of FICO stock traded up $5.99 during mid-day trading on Thursday, hitting $1,146.72. The stock had a trading volume of 61,472 shares, compared to its average volume of 173,820. Fair Isaac Co. has a 12-month low of $729.54 and a 12-month high of $1,349.75. The firm’s 50-day moving average is $1,230.37 and its two-hundred day moving average is $1,156.08. The firm has a market capitalization of $28.34 billion, a P/E ratio of 59.88, a price-to-earnings-growth ratio of 3.24 and a beta of 1.24.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 24,000 shares of company stock worth $29,011,120. 3.54% of the stock is currently owned by corporate insiders.

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.