South Dakota Investment Council Makes New $550,000 Investment in Fair Isaac Corporation $FICO

South Dakota Investment Council purchased a new position in Fair Isaac Corporation (NYSE:FICO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 301 shares of the technology company’s stock, valued at approximately $550,000.

Other institutional investors have also modified their holdings of the company. ORG Partners LLC acquired a new position in shares of Fair Isaac in the second quarter worth $27,000. Hilltop National Bank acquired a new position in shares of Fair Isaac in the second quarter worth $27,000. Geo Capital Gestora de Recursos Ltd acquired a new position in shares of Fair Isaac in the first quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new position in shares of Fair Isaac in the first quarter worth $30,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after purchasing an additional 5 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 4,942 shares of the company’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer directly owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. This represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 18,032 shares of company stock valued at $28,094,085 over the last three months. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Price Performance

NYSE FICO opened at $1,605.26 on Wednesday. Fair Isaac Corporation has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The company has a market capitalization of $38.53 billion, a PE ratio of 62.78, a P/E/G ratio of 1.63 and a beta of 1.35. The company has a fifty day moving average of $1,595.68 and a two-hundred day moving average of $1,670.91.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FICO shares. UBS Group lifted their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. BMO Capital Markets lifted their price objective on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a research report on Monday, August 18th. Barclays lifted their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Raymond James Financial decreased their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Finally, Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a research report on Monday, August 18th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus price target of $2,137.43.

Fair Isaac Company 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.