Fair Isaac Co. (NYSE:FICO) Shares Sold by Pictet Asset Management SA

Pictet Asset Management SA lowered its stake in shares of Fair Isaac Co. (NYSE:FICOGet Rating) by 7.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,130 shares of the technology company’s stock after selling 770 shares during the quarter. Pictet Asset Management SA’s holdings in Fair Isaac were worth $3,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Lindsell Train Ltd acquired a new position in Fair Isaac in the first quarter worth $325,150,000. WCM Investment Management LLC boosted its holdings in Fair Isaac by 1.5% in the first quarter. WCM Investment Management LLC now owns 620,881 shares of the technology company’s stock worth $289,616,000 after purchasing an additional 9,411 shares during the period. AKO Capital LLP boosted its holdings in Fair Isaac by 26.5% in the second quarter. AKO Capital LLP now owns 490,935 shares of the technology company’s stock worth $196,816,000 after purchasing an additional 102,724 shares during the period. AF Advisors Inc. boosted its holdings in Fair Isaac by 21.6% in the second quarter. AF Advisors Inc. now owns 374,256 shares of the technology company’s stock worth $150,039,000 after purchasing an additional 66,501 shares during the period. Finally, Marathon Asset Management Ltd boosted its holdings in Fair Isaac by 1.6% in the second quarter. Marathon Asset Management Ltd now owns 210,807 shares of the technology company’s stock worth $84,513,000 after purchasing an additional 3,419 shares during the period. Institutional investors and hedge funds own 86.95% of the company’s stock.

Fair Isaac Stock Down 1.8 %

Shares of NYSE FICO opened at $576.20 on Monday. Fair Isaac Co. has a fifty-two week low of $340.48 and a fifty-two week high of $623.61. The firm’s 50-day simple moving average is $457.48 and its 200 day simple moving average is $437.45. The stock has a market cap of $14.39 billion, a P/E ratio of 40.58 and a beta of 1.23.

Insider Activity at Fair Isaac

In related news, CAO Michael S. Leonard sold 1,934 shares of Fair Isaac stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $600.21, for a total transaction of $1,160,806.14. Following the sale, the chief accounting officer now directly owns 5,237 shares in the company, valued at $3,143,299.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Michael S. Leonard sold 1,934 shares of Fair Isaac stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $600.21, for a total transaction of $1,160,806.14. Following the sale, the chief accounting officer now directly owns 5,237 shares in the company, valued at $3,143,299.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark R. Scadina sold 13,793 shares of Fair Isaac stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $601.28, for a total transaction of $8,293,455.04. Following the sale, the executive vice president now owns 19,186 shares in the company, valued at $11,536,158.08. The disclosure for this sale can be found here. Company insiders own 3.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FICO. TheStreet raised shares of Fair Isaac from a “c+” rating to a “b” rating in a report on Wednesday, August 31st. Jefferies Financial Group lifted their price objective on shares of Fair Isaac from $545.00 to $695.00 and gave the stock a “buy” rating in a report on Friday, November 11th. Barclays raised their target price on Fair Isaac from $535.00 to $575.00 and gave the company an “overweight” rating in a research note on Thursday, November 10th. StockNews.com cut Fair Isaac from a “buy” rating to a “hold” rating in a research note on Sunday, November 13th. Finally, The Goldman Sachs Group raised their target price on Fair Isaac from $541.00 to $614.00 and gave the company a “buy” rating in a research note on Thursday, November 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $597.80.

Fair Isaac Company Profile

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Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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