Short Interest in Fair Isaac Co. (NYSE:FICO) Grows By 13.5%

Fair Isaac Co. (NYSE:FICO) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 669,900 shares, a growth of 13.5% from the December 15th total of 590,000 shares. Based on an average daily volume of 156,700 shares, the days-to-cover ratio is currently 4.3 days. Approximately 2.8% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FICO. Wells Fargo & Company boosted their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer cut their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. UBS Group began coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,087.77.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,897.10 on Friday. Fair Isaac has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51. The company has a market cap of $46.19 billion, a price-to-earnings ratio of 92.77, a PEG ratio of 3.55 and a beta of 1.40. The stock has a fifty day moving average price of $2,161.98 and a 200-day moving average price of $1,929.40.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Marc F. Mcmorris sold 520 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the transaction, the director now directly owns 242 shares of the company’s stock, valued at $520,921.94. This represents a 68.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,589 shares of company stock worth $31,258,963. 3.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently bought and sold shares of FICO. Capital Performance Advisors LLP acquired a new position in shares of Fair Isaac in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC increased its stake in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after acquiring an additional 18 shares during the last quarter. Meeder Asset Management Inc. raised its position in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Versant Capital Management Inc lifted its stake in Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 20 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 85.75% 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.