National Wealth Management Group LLC Makes New Investment in Fair Isaac Co. (NYSE:FICO)

National Wealth Management Group LLC acquired a new position in Fair Isaac Co. (NYSE:FICO) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 166 shares of the technology company’s stock, valued at approximately $323,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after purchasing an additional 538,071 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after acquiring an additional 1,977 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Fair Isaac by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after acquiring an additional 21,768 shares during the period. Jennison Associates LLC boosted its stake in Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after acquiring an additional 62,653 shares in the last quarter. Finally, FMR LLC grew its holdings in Fair Isaac by 46.1% in the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after purchasing an additional 65,297 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the sale, the executive vice president now directly owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,390 shares of company stock valued at $21,901,887 over the last ninety days. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Trading Down 1.2 %

Shares of NYSE:FICO opened at $2,354.00 on Thursday. Fair Isaac Co. has a 1-year low of $1,067.36 and a 1-year high of $2,402.51. The stock has a market cap of $57.32 billion, a PE ratio of 115.11, a price-to-earnings-growth ratio of 4.34 and a beta of 1.35. The stock’s fifty day simple moving average is $2,074.84 and its two-hundred day simple moving average is $1,742.79.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FICO shares. The Goldman Sachs Group increased their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird increased their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Needham & Company LLC raised their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Oppenheimer upped their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, Barclays boosted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

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.