Russell Investments Group Ltd. Has $23.57 Million Position in Fair Isaac Co. (NYSE:FICO)

Russell Investments Group Ltd. cut its stake in shares of Fair Isaac Co. (NYSE:FICO) by 2.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,240 shares of the technology company’s stock after selling 524 shares during the period. Russell Investments Group Ltd.’s holdings in Fair Isaac were worth $23,565,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FICO. ODonnell Financial Services LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth $233,000. K.J. Harrison & Partners Inc bought a new position in Fair Isaac during the fourth quarter valued at about $1,164,000. Semanteon Capital Management LP acquired a new stake in shares of Fair Isaac in the fourth quarter worth about $702,000. Stevens Capital Management LP bought a new stake in shares of Fair Isaac during the 4th quarter worth about $762,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Fair Isaac by 1.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 694 shares of the technology company’s stock valued at $808,000 after acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the transaction, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at $25,300,743.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Up 0.7 %

FICO stock opened at $1,140.73 on Thursday. The business’s 50-day simple moving average is $1,232.50 and its 200 day simple moving average is $1,156.19. The company has a market cap of $28.19 billion, a PE ratio of 59.88, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. Fair Isaac Co. has a twelve month low of $725.29 and a twelve month high of $1,349.75.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FICO shares. Jefferies Financial Group boosted their target price on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research note on Monday, April 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Barclays upped their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, Redburn Atlantic assumed coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,224.40.

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.