The Manufacturers Life Insurance Company Has $29.47 Million Stock Holdings in Fair Isaac Co. (NYSE:FICO)

The Manufacturers Life Insurance Company trimmed its stake in shares of Fair Isaac Co. (NYSE:FICO) by 1.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,163 shares of the technology company’s stock after selling 289 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Fair Isaac were worth $29,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in Fair Isaac during the third quarter valued at about $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac during the first quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its holdings in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the period. Family Firm Inc. purchased a new stake in shares of Fair Isaac in the 2nd quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. boosted its stake in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO opened at $2,382.63 on Friday. The firm has a market cap of $58.02 billion, a PE ratio of 116.01, a PEG ratio of 4.33 and a beta of 1.35. Fair Isaac Co. has a twelve month low of $1,070.37 and a twelve month high of $2,402.51. The firm’s 50 day moving average price is $2,092.41 and its 200 day moving average price is $1,751.28.

Insider Activity

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction on Thursday, November 21st. The shares were 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 of the company’s stock, valued at $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,390 shares of company stock worth $21,901,887. 3.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on FICO shares. Oppenheimer increased their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Wells Fargo & Company increased their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target 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. Finally, Needham & Company LLC boosted 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 research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

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.