Progeny 3 Inc. Invests $7.08 Million in Fair Isaac Co. (NYSE:FICO)

Progeny 3 Inc. bought a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,645 shares of the technology company’s stock, valued at approximately $7,084,000. Fair Isaac accounts for 0.6% of Progeny 3 Inc.’s holdings, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac in the first quarter worth about $26,000. Janus Henderson Group PLC lifted its stake in shares of Fair Isaac by 19.1% during the 1st quarter. Janus Henderson Group PLC now owns 4,009 shares of the technology company’s stock valued at $5,009,000 after buying an additional 644 shares in the last quarter. Swedbank AB bought a new stake in Fair Isaac during the first quarter valued at about $10,962,000. Cetera Advisors LLC boosted its stake in shares of Fair Isaac by 159.0% in the first quarter. Cetera Advisors LLC now owns 3,919 shares of the technology company’s stock worth $4,898,000 after acquiring an additional 2,406 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Fair Isaac by 17.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 18,867 shares of the technology company’s stock worth $24,252,000 after purchasing an additional 2,758 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on FICO. The Goldman Sachs Group boosted their price target on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Oppenheimer raised their price objective on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, Needham & Company LLC raised their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the transaction, the director now directly owns 92 shares in the company, valued at $215,146.60. This represents a 73.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. Insiders sold 10,390 shares of company stock worth $21,901,887 over the last 90 days. Company insiders own 3.54% of the company’s stock.

Fair Isaac Trading Up 1.2 %

FICO stock opened at $2,382.63 on Friday. Fair Isaac Co. has a 12 month low of $1,070.37 and a 12 month high of $2,402.51. The stock has a market cap of $58.02 billion, a PE ratio of 116.51, a P/E/G ratio of 4.33 and a beta of 1.35. The company has a 50-day moving average price of $2,092.41 and a 200 day moving average price of $1,751.28.

Fair Isaac 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.