Fair Isaac Co. (FICO) Stake Increased by Handelsinvest Investeringsforvaltning
Handelsinvest Investeringsforvaltning lifted its holdings in Fair Isaac Co. (NYSE:FICO) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 70,000 shares of the technology company’s stock after acquiring an additional 4,300 shares during the quarter. Fair Isaac comprises about 2.4% of Handelsinvest Investeringsforvaltning’s investment portfolio, making the stock its 13th largest position. Handelsinvest Investeringsforvaltning’s holdings in Fair Isaac were worth $10,724,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC boosted its position in Fair Isaac by 17.9% during the second quarter. Advisory Services Network LLC now owns 1,297 shares of the technology company’s stock valued at $181,000 after purchasing an additional 197 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Fair Isaac during the second quarter valued at $208,000. Schaper Benz & Wise Investment Counsel Inc. WI acquired a new stake in Fair Isaac during the fourth quarter valued at $212,000. ETF Managers Group LLC acquired a new stake in Fair Isaac during the second quarter valued at $219,000. Finally, Trexquant Investment LP acquired a new stake in Fair Isaac during the third quarter valued at $221,000. 88.20% of the stock is owned by institutional investors and hedge funds.
Shares of Fair Isaac Co. (FICO) traded down $1.98 during trading hours on Tuesday, hitting $174.15. The company’s stock had a trading volume of 17,000 shares, compared to its average volume of 157,341. Fair Isaac Co. has a 12 month low of $119.54 and a 12 month high of $177.91. The firm has a market capitalization of $5,115.13, a PE ratio of 42.10, a P/E/G ratio of 4.62 and a beta of 1.26. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.20.
FICO has been the subject of a number of research reports. BidaskClub raised Fair Isaac from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Barclays lifted their price objective on Fair Isaac from $150.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday. Zacks Investment Research raised Fair Isaac from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research report on Monday, October 16th. Finally, Stephens reissued a “hold” rating and set a $154.00 price objective on shares of Fair Isaac in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Fair Isaac currently has a consensus rating of “Hold” and an average target price of $163.25.
In related news, Director Joanna Rees purchased 3,000 shares of Fair Isaac stock in a transaction on Thursday, November 9th. The stock was bought at an average price of $152.00 per share, with a total value of $456,000.00. Following the completion of the transaction, the director now directly owns 4,989 shares of the company’s stock, valued at $758,328. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director A George Battle sold 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $150.46, for a total value of $752,300.00. Following the completion of the sale, the director now directly owns 21,259 shares of the company’s stock, valued at approximately $3,198,629.14. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.
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Fair Isaac Company Profile
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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