Fair Isaac Co. (NYSE:FICO) Shares Sold by Heard Capital LLC

Heard Capital LLC reduced its position in Fair Isaac Co. (NYSE:FICO) by 22.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,140 shares of the technology company’s stock after selling 22,583 shares during the quarter. Fair Isaac accounts for about 8.3% of Heard Capital LLC’s holdings, making the stock its 5th largest holding. Heard Capital LLC owned approximately 0.31% of Fair Isaac worth $147,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after buying an additional 538,071 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after purchasing an additional 67,931 shares during the period. FMR LLC increased its stake in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after purchasing an additional 65,297 shares during the period. Westwind Capital boosted its position in shares of Fair Isaac by 891.8% during the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after acquiring an additional 62,710 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after purchasing an additional 62,653 shares during the period. Institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the completion of the sale, the executive vice president now directly owns 48,895 shares in the company, valued at $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction on 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. Over the last ninety days, insiders sold 10,390 shares of company stock valued at $21,901,887. Insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

FICO has been the subject of a number of research analyst reports. Barclays upped their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC raised their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Oppenheimer upped their target price on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, 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 report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $1,998.75.

Fair Isaac Stock Down 1.8 %

Fair Isaac stock opened at $2,332.11 on Tuesday. The stock has a market cap of $56.79 billion, a price-to-earnings ratio of 114.04, a price-to-earnings-growth ratio of 4.37 and a beta of 1.36. The business has a 50 day moving average price of $2,101.37 and a two-hundred day moving average price of $1,764.18. Fair Isaac Co. has a 12 month low of $1,099.74 and a 12 month high of $2,402.51.

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.