Northwestern Mutual Wealth Management Co. trimmed its stake in shares of Fair Isaac Co. (NYSE:FICO – Get Rating) by 36.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 390 shares of the technology company’s stock after selling 220 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fair Isaac were worth $181,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of FICO. WASHINGTON TRUST Co purchased a new stake in shares of Fair Isaac during the fourth quarter valued at $28,000. Sageworth Trust Co of South Dakota purchased a new stake in Fair Isaac in the 4th quarter worth about $38,000. O Dell Group LLC purchased a new stake in Fair Isaac in the 1st quarter worth about $49,000. CWM LLC lifted its stake in Fair Isaac by 103.6% in the 1st quarter. CWM LLC now owns 114 shares of the technology company’s stock worth $53,000 after acquiring an additional 58 shares in the last quarter. Finally, NuWave Investment Management LLC purchased a new stake in Fair Isaac in the 1st quarter worth about $55,000. 86.67% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Fair Isaac
In related news, Director Marc F. Mcmorris sold 516 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $493.13, for a total transaction of $254,455.08. Following the transaction, the director now owns 242 shares of the company’s stock, valued at $119,337.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Joanna Rees sold 253 shares of Fair Isaac stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $383.72, for a total value of $97,081.16. Following the transaction, the director now owns 3,922 shares of the company’s stock, valued at $1,504,949.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Marc F. Mcmorris sold 516 shares of Fair Isaac stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $493.13, for a total transaction of $254,455.08. Following the completion of the transaction, the director now directly owns 242 shares in the company, valued at approximately $119,337.46. The disclosure for this sale can be found here. Insiders own 3.05% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Barclays increased their price objective on Fair Isaac from $450.00 to $535.00 and gave the stock an “overweight” rating in a research note on Thursday, August 4th. Robert W. Baird increased their price objective on Fair Isaac from $493.00 to $546.00 in a research note on Thursday, August 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $546.40.
Fair Isaac Stock Performance
Shares of FICO opened at $478.72 on Thursday. The firm has a market cap of $12.09 billion, a PE ratio of 35.07 and a beta of 1.22. The firm’s 50 day moving average price is $442.96 and its 200 day moving average price is $436.76. Fair Isaac Co. has a twelve month low of $340.48 and a twelve month high of $531.03.
Fair Isaac Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.
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