OP Asset Management Ltd purchased a new stake in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,383 shares of the technology company’s stock, valued at approximately $2,544,000.
Several other large investors have also recently made changes to their positions in FICO. Bayban acquired a new stake in Fair Isaac in the 4th quarter valued at approximately $25,000. Physician Wealth Advisors Inc. grew its stake in shares of Fair Isaac by 166.7% in the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock valued at $27,000 after buying an additional 10 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Fair Isaac in the 4th quarter valued at $30,000. Elyxium Wealth LLC purchased a new stake in Fair Isaac during the fourth quarter worth about $42,000. Finally, Rakuten Securities Inc. increased its stake in Fair Isaac by 100.0% during the 2nd quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock worth $44,000 after buying an additional 12 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.
Fair Isaac Stock Up 3.1%
NYSE FICO opened at $1,179.44 on Friday. The stock has a market capitalization of $27.35 billion, a P/E ratio of 37.36, a P/E/G ratio of 1.04 and a beta of 1.28. The firm has a 50-day moving average price of $1,137.56 and a 200 day moving average price of $1,317.16. Fair Isaac Corporation has a 52-week low of $870.01 and a 52-week high of $1,998.01.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $1,650.00 price objective on shares of Fair Isaac in a report on Tuesday, June 9th. Robert W. Baird set a $1,549.00 price target on Fair Isaac in a research report on Wednesday, April 29th. The Goldman Sachs Group reduced their price objective on Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings downgraded Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Mizuho started coverage on shares of Fair Isaac in a research report on Thursday, April 16th. They set an “outperform” rating and a $1,416.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,626.50.
Get Our Latest Analysis on Fair Isaac
Fair Isaac Company Profile
Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.
FICO’s product portfolio centers on analytics and decisioning technologies.
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