Bamco Inc. NY Reduces Stock Position in Fair Isaac Co. (NYSE:FICO)

Bamco Inc. NY cut its stake in Fair Isaac Co. (NYSE:FICO) by 16.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,870 shares of the technology company’s stock after selling 18,913 shares during the quarter. Bamco Inc. NY owned about 0.39% of Fair Isaac worth $186,325,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. True Wealth Design LLC lifted its stake in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares in the last quarter. Edgestream Partners L.P. boosted its stake in Fair Isaac by 8.9% during the third quarter. Edgestream Partners L.P. now owns 771 shares of the technology company’s stock valued at $1,498,000 after buying an additional 63 shares during the period. Kolinsky Wealth Management LLC grew its position in Fair Isaac by 11.1% during the third quarter. Kolinsky Wealth Management LLC now owns 160 shares of the technology company’s stock worth $311,000 after buying an additional 16 shares in the last quarter. Ironwood Investment Counsel LLC bought a new position in Fair Isaac in the 3rd quarter worth about $200,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Fair Isaac in the 3rd quarter valued at about $6,136,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $2,375.03 on Monday. The stock has a market capitalization of $57.83 billion, a P/E ratio of 116.14, a price-to-earnings-growth ratio of 4.37 and a beta of 1.35. Fair Isaac Co. has a one year low of $1,070.37 and a one year high of $2,402.51. The business’s 50 day simple moving average is $2,101.37 and its two-hundred day simple moving average is $1,761.41.

Analyst Ratings Changes

Several brokerages have recently commented on FICO. UBS Group started coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Oppenheimer raised their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Robert W. Baird raised their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Barclays increased their price objective 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. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,964.92.

Insider Buying and Selling

In other news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the sale, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,390 shares of company stock valued at $21,901,887 over the last three months. 3.54% of the stock is owned by company 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.