Transcend Capital Advisors LLC has acquired a new position in Fair Isaac Corporation, as outlined in its recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 287 shares of the technology firm, valued at approximately $525,000. This investment highlights a growing interest in Fair Isaac, which operates under the ticker symbol FICO on the New York Stock Exchange.
Institutional investment in Fair Isaac has been robust, with several other firms increasing their stakes in the company. For instance, Vanguard Group Inc. enhanced its position by 2.0% during the first quarter, now holding 2,962,434 shares valued at $5.46 billion after acquiring an additional 58,740 shares. Similarly, Price T Rowe Associates Inc. raised its stake by 0.4%, bringing its total to 823,574 shares valued at $1.52 billion.
Principal Financial Group Inc. also increased its holdings by 7.3%, now owning 391,823 shares worth $722.59 million. Meanwhile, American Century Companies Inc. grew its position by 4.7%, with 386,618 shares valued at $712.99 million. UBS Asset Management raised its stake significantly by 29.7%, now holding 316,780 shares valued at $584.19 million. Collectively, institutional investors own approximately 85.75% of Fair Isaac’s stock.
Current Stock Performance
As of Wednesday, Fair Isaac Corporation’s stock opened at $1,669.41. The company has demonstrated notable price movements, with a 50-day simple moving average of $1,573.73 and a 200-day simple moving average of $1,682.93. Fair Isaac has a market capitalization of $40.07 billion, a price-to-earnings ratio of 65.29, and a price-to-earnings-growth ratio of 1.75. Notably, its stock has fluctuated between a 52-week low of $1,300.00 and a 52-week high of $2,402.51.
Analysts have recently adjusted their price targets for Fair Isaac. Raymond James Financial reduced its target from $2,230.00 to $1,800.00 while maintaining an “outperform” rating. Conversely, Barclays raised its target from $2,000.00 to $2,400.00, offering an “overweight” rating. Needham & Company LLC reaffirmed a “buy” rating with a target of $1,950.00. Wells Fargo increased its target from $2,300.00 to $2,400.00, also issuing an “overweight” rating. According to MarketBeat, the consensus target price currently stands at $2,137.43, with a mix of ratings from analysts: three have given a “Strong Buy,” ten a “Buy,” and four a “Hold.”
Insider Activity and Company Overview
In a significant insider transaction, CEO William J. Lansing sold 4,942 shares on October 14, valued at approximately $8.06 million. Following this sale, Lansing retains 43,207 shares, now worth about $70.49 million, reflecting a 10.26% decrease in his ownership. Over the past ninety days, company insiders have sold a total of 18,032 shares, valued at $28.09 million, with corporate insiders holding 3.46% of the stock.
Fair Isaac Corporation specializes in developing analytic, software, and digital decisioning technologies that support businesses in automating and enhancing their decision-making processes across multiple regions, including the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company operates through two main segments: Scores and Software, offering tailored solutions for various business needs, including fraud detection, marketing, and customer management.
As institutional interest continues to grow, Fair Isaac Corporation remains a focal point for investors and analysts alike, reflecting its significant role in the technology sector.
