Boston Partners Sells 265,001 Shares of Fair Isaac Co. (NYSE:FICO)

Boston Partners reduced its stake in shares of Fair Isaac Co. (NYSE:FICO) by 98.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,259 shares of the technology company’s stock after selling 265,001 shares during the quarter. Boston Partners’ holdings in Fair Isaac were worth $3,447,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Ethic Inc. grew its holdings in Fair Isaac by 111.7% during the 1st quarter. Ethic Inc. now owns 944 shares of the technology company’s stock valued at $663,000 after purchasing an additional 498 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in Fair Isaac by 34.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 51 shares of the technology company’s stock worth $36,000 after buying an additional 13 shares during the period. Ascendant Capital Management LLC increased its stake in Fair Isaac by 7.7% in the 1st quarter. Ascendant Capital Management LLC now owns 1,400 shares of the technology company’s stock worth $984,000 after buying an additional 100 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in Fair Isaac by 2.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,446 shares of the technology company’s stock worth $17,881,000 after buying an additional 670 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in Fair Isaac by 11.5% in the 2nd quarter. Apollon Wealth Management LLC now owns 541 shares of the technology company’s stock worth $438,000 after buying an additional 56 shares during the period. 85.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Fair Isaac news, Director Braden R. Kelly sold 3,308 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $1,035.50, for a total transaction of $3,425,434.00. Following the transaction, the director now owns 10,143 shares in the company, valued at $10,503,076.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Braden R. Kelly sold 3,308 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $1,035.50, for a total value of $3,425,434.00. Following the transaction, the director now directly owns 10,143 shares of the company’s stock, valued at approximately $10,503,076.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eva Manolis sold 2,564 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $852.38, for a total transaction of $2,185,502.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,268 shares of company stock worth $18,182,760. Corporate insiders own 3.37% of the company’s stock.

Fair Isaac Stock Up 1.0 %

Shares of FICO opened at $1,052.87 on Tuesday. The stock’s 50-day moving average price is $909.08 and its 200-day moving average price is $848.95. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 62.19, a PEG ratio of 2.94 and a beta of 1.18. Fair Isaac Co. has a 52 week low of $568.90 and a 52 week high of $1,059.68.

Analyst Ratings Changes

Several research firms recently commented on FICO. HSBC began coverage on shares of Fair Isaac in a research note on Friday, September 29th. They issued a “reduce” rating and a $729.00 price target on the stock. Raymond James raised their price target on Fair Isaac from $975.00 to $1,029.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Royal Bank of Canada restated a “sector perform” rating and set a $875.00 price target on shares of Fair Isaac in a research note on Thursday, November 9th. Barclays raised their price target on Fair Isaac from $950.00 to $1,234.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. Finally, Needham & Company LLC raised their price target on Fair Isaac from $900.00 to $1,100.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $936.80.

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.