Bridgewater Associates LP Sells 13,306 Shares of Fair Isaac Co. (NYSE:FICO)

Bridgewater Associates LP decreased its stake in Fair Isaac Co. (NYSE:FICO) by 76.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,033 shares of the technology company’s stock after selling 13,306 shares during the period. Bridgewater Associates LP’s holdings in Fair Isaac were worth $7,838,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB raised its holdings in shares of Fair Isaac by 11.5% in the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock worth $19,089,000 after purchasing an additional 1,013 shares during the period. Great Valley Advisor Group Inc. bought a new stake in shares of Fair Isaac in the second quarter valued at $529,000. Harvest Fund Management Co. Ltd lifted its position in shares of Fair Isaac by 86.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after buying an additional 352 shares during the last quarter. Czech National Bank grew its stake in shares of Fair Isaac by 7.7% during the 2nd quarter. Czech National Bank now owns 4,709 shares of the technology company’s stock worth $7,010,000 after acquiring an additional 337 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Fair Isaac by 3.6% in the 3rd quarter. Intech Investment Management LLC now owns 23,208 shares of the technology company’s stock worth $45,105,000 after acquiring an additional 815 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Down 1.2 %

Shares of NYSE FICO opened at $2,354.00 on Friday. The business has a 50-day moving average of $2,083.91 and a 200-day moving average of $1,747.07. The firm has a market capitalization of $57.32 billion, a price-to-earnings ratio of 115.11, a PEG ratio of 4.34 and a beta of 1.35. Fair Isaac Co. has a 12 month low of $1,067.36 and a 12 month high of $2,402.51.

Insiders Place Their Bets

In other news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the transaction, the executive vice president now directly owns 48,895 shares in the company, valued at approximately $113,456,446.95. This represents a 6.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,390 shares of company stock valued at $21,901,887 in the last quarter. Corporate insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

FICO has been the topic of several recent research reports. Needham & Company LLC upped their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, Barclays lifted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

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.