First Trust Direct Indexing L.P. Buys 25 Shares of Fair Isaac Co. (NYSE:FICO)

First Trust Direct Indexing L.P. grew its stake in shares of Fair Isaac Co. (NYSE:FICO) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 417 shares of the technology company’s stock after acquiring an additional 25 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Fair Isaac were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FICO. Kayne Anderson Rudnick Investment Management LLC increased its holdings 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 buying an additional 4,584 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Fair Isaac by 112,366.2% in the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after purchasing an additional 398,900 shares during the period. American Century Companies Inc. increased its holdings in Fair Isaac by 39.6% during the third quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after buying an additional 104,161 shares during the last quarter. Invesco Ltd. boosted 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 worth $312,279,000 after acquiring an additional 42,998 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Fair Isaac by 2.0% during the third quarter. Northern Trust Corp now owns 271,382 shares of the technology company’s stock valued at $235,703,000 after purchasing an additional 5,228 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,193.01 on Monday. The firm has a 50-day simple moving average of $1,226.09 and a two-hundred day simple moving average of $1,159.95. Fair Isaac Co. has a 1 year low of $729.54 and a 1 year high of $1,349.75. The company has a market cap of $29.48 billion, a P/E ratio of 62.63, a PEG ratio of 3.21 and a beta of 1.24.

Analyst Ratings Changes

A number of research firms have weighed in on FICO. Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a research report on Monday, April 22nd. Raymond James upped their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. Jefferies Financial Group increased their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Redburn Atlantic started coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,224.40.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the transaction, the chief executive officer now directly owns 20,638 shares in the company, valued at $25,300,743.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 24,000 shares of company stock valued at $29,011,120 in the last quarter. 3.54% of the stock is owned by insiders.

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.