Amalgamated Bank Reduces Holdings in Fair Isaac Co. (NYSE:FICO)

Amalgamated Bank cut its holdings in Fair Isaac Co. (NYSE:FICO) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,739 shares of the technology company’s stock after selling 390 shares during the quarter. Amalgamated Bank’s holdings in Fair Isaac were worth $7,844,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC grew its stake in Fair Isaac by 1.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock worth $397,560,000 after acquiring an additional 4,584 shares during the period. International Assets Investment Management LLC increased its stake in Fair Isaac by 112,366.2% in the fourth quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after purchasing an additional 398,900 shares during the last quarter. American Century Companies Inc. boosted its stake in Fair Isaac by 39.6% in the 3rd quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock worth $318,633,000 after buying an additional 104,161 shares during the last quarter. Invesco Ltd. increased its stake in shares of Fair Isaac by 13.6% during the 3rd quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock valued at $312,279,000 after acquiring an additional 42,998 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Fair Isaac by 2.0% in the third quarter. Northern Trust Corp now owns 271,382 shares of the technology company’s stock worth $235,703,000 after acquiring an additional 5,228 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FICO. Raymond James increased their price target 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. Redburn Atlantic started coverage on Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective on the stock. Royal Bank of Canada reissued 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. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 price target on shares of Fair Isaac in a research report on Monday, April 22nd. Finally, Barclays raised their target price on shares of 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and an average target price of $1,224.40.

Fair Isaac Stock Performance

Shares of FICO opened at $1,193.01 on Friday. Fair Isaac Co. has a one year low of $729.54 and a one year high of $1,349.75. The stock has a 50-day moving average price of $1,226.09 and a 200 day moving average price of $1,159.95. The company has a market capitalization of $29.48 billion, a P/E ratio of 62.63, a P/E/G ratio of 3.21 and a beta of 1.24.

Insider Transactions at Fair Isaac

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