Holocene Advisors LP Invests $8.64 Million in Fair Isaac Co. (NYSE:FICO)

Holocene Advisors LP bought a new stake in Fair Isaac Co. (NYSE:FICO) during the 3rd quarter, HoldingsChannel reports. The fund bought 4,444 shares of the technology company’s stock, valued at approximately $8,637,000.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB increased its position in Fair Isaac by 11.5% in the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after acquiring an additional 1,013 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in Fair Isaac by 86.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after purchasing an additional 352 shares in the last quarter. BNP Paribas bought a new position in Fair Isaac during the 3rd quarter valued at $445,000. Great Valley Advisor Group Inc. bought a new position in Fair Isaac during the 2nd quarter valued at $529,000. Finally, FMR LLC boosted its stake in Fair Isaac by 46.1% during the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after purchasing an additional 65,297 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the sale, the executive vice president now owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,390 shares of company stock worth $21,901,887. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Up 0.6 %

Shares of Fair Isaac stock opened at $2,345.32 on Wednesday. The stock has a market cap of $57.11 billion, a PE ratio of 114.69, a price-to-earnings-growth ratio of 4.29 and a beta of 1.36. The business has a fifty day simple moving average of $2,109.07 and a 200-day simple moving average of $1,770.72. Fair Isaac Co. has a 12 month low of $1,099.74 and a 12 month high of $2,402.51.

Wall Street Analyst Weigh In

FICO has been the subject of a number of research reports. Wells Fargo & Company increased their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC raised their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group started coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Oppenheimer raised their price objective on Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Robert W. Baird raised their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,998.75.

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.