E Fund Management Co. Ltd. Takes Position in Fair Isaac Co. (NYSE:FICO)

E Fund Management Co. Ltd. bought a new stake in Fair Isaac Co. (NYSE:FICO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 211 shares of the technology company’s stock, valued at approximately $246,000.

Other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new position in Fair Isaac in the 4th quarter worth approximately $35,000. Headlands Technologies LLC bought a new position in Fair Isaac in the 3rd quarter worth approximately $42,000. Assetmark Inc. bought a new position in Fair Isaac in the 3rd quarter worth approximately $44,000. KB Financial Partners LLC raised its position in Fair Isaac by 26.2% in the 3rd quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after purchasing an additional 11 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Fair Isaac by 28.1% in the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 2.8 %

Shares of FICO stock traded up $35.34 on Thursday, hitting $1,286.78. The stock had a trading volume of 200,872 shares, compared to its average volume of 175,232. Fair Isaac Co. has a twelve month low of $739.61 and a twelve month high of $1,349.75. The firm has a market cap of $31.80 billion, a P/E ratio of 65.60, a PEG ratio of 3.21 and a beta of 1.24. The company has a fifty day moving average price of $1,223.96 and a two-hundred day moving average price of $1,166.87.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the completion of the transaction, the chief executive officer now directly owns 28,638 shares of the company’s stock, valued at $36,081,302.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 24,000 shares of company stock valued at $29,011,120 in the last quarter. Company insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FICO. Raymond James lifted 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 report on Friday, April 26th. Redburn Atlantic began coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price for the company. Barclays lifted their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a report on Monday, April 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,224.40.

Fair Isaac Profile

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.