Fair Isaac Co. (NYSE:FICO) Shares Acquired by Morse Asset Management Inc

Morse Asset Management Inc raised its stake in Fair Isaac Co. (NYSE:FICO) by 7.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 427 shares of the technology company’s stock after buying an additional 29 shares during the period. Morse Asset Management Inc’s holdings in Fair Isaac were worth $830,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. State Street Corp raised its position in shares of Fair Isaac by 0.5% during the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after acquiring an additional 5,472 shares in the last quarter. Geode Capital Management LLC raised its holdings in Fair Isaac by 1.0% during the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock worth $1,251,537,000 after purchasing an additional 6,510 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after acquiring an additional 538,071 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Fair Isaac by 6.7% in the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after purchasing an additional 21,768 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research reports. Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Oppenheimer increased their price target on Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,998.75.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $2,345.32 on Wednesday. The company has a market cap of $57.11 billion, a P/E ratio of 114.69, a P/E/G ratio of 4.29 and a beta of 1.36. The stock’s 50-day moving average is $2,117.64 and its 200-day moving average is $1,777.29. Fair Isaac Co. has a 52-week low of $1,099.74 and a 52-week high of $2,402.51.

Insider Activity

In related news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the completion of the sale, the executive vice president now owns 48,895 shares in the company, valued at approximately $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the 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 sale, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,390 shares of company stock valued at $21,901,887. 3.54% of the stock is owned by insiders.

Fair Isaac Company 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.