Fair Isaac Co. (NYSE:FICO) Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC increased its position in Fair Isaac Co. (NYSE:FICO) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 745 shares of the technology company’s stock after acquiring an additional 77 shares during the period. Procyon Advisors LLC’s holdings in Fair Isaac were worth $1,483,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. First National Bank of Omaha bought a new stake in shares of Fair Isaac during the third quarter valued at approximately $1,576,000. National Bank of Canada FI raised its stake in Fair Isaac by 51.9% during the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after acquiring an additional 6,768 shares in the last quarter. Swedbank AB grew its stake in shares of Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock worth $19,089,000 after purchasing an additional 1,013 shares in the last quarter. BNP Paribas acquired a new position in shares of Fair Isaac during the third quarter valued at $445,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Fair Isaac by 86.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after purchasing an additional 352 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Trading Down 3.7 %

Shares of FICO opened at $1,897.10 on Friday. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The stock has a market capitalization of $46.19 billion, a P/E ratio of 92.77, a P/E/G ratio of 3.55 and a beta of 1.40. The business’s 50-day moving average price is $2,161.98 and its 200 day moving average price is $1,929.40.

Analyst Ratings Changes

FICO has been the topic of several research analyst reports. Barclays raised their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their target price on Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. began coverage on Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target on the stock. Needham & Company LLC upped their price objective 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. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target of $2,087.77.

Insider Transactions at Fair Isaac

In other news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the sale, the executive vice president now owns 45,395 shares in the company, valued at $107,760,920.75. This represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,589 shares of company stock valued at $31,258,963 over the last ninety days. Corporate insiders own 3.54% of the company’s stock.

About Fair Isaac

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.