UNIVEST FINANCIAL Corp grew its stake in Fair Isaac Corporation (NYSE:FICO – Free Report) by 148.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,557 shares of the technology company’s stock after acquiring an additional 6,900 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Fair Isaac were worth $12,337,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Fair Isaac by 480,776.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,327,664 shares of the technology company’s stock valued at $5,625,815,000 after purchasing an additional 3,326,972 shares during the last quarter. Capital World Investors lifted its stake in Fair Isaac by 10.7% during the fourth quarter. Capital World Investors now owns 894,593 shares of the technology company’s stock worth $1,512,417,000 after purchasing an additional 86,200 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Fair Isaac by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 719,120 shares of the technology company’s stock worth $1,213,620,000 after buying an additional 8,886 shares during the period. Morgan Stanley boosted its position in shares of Fair Isaac by 2.3% during the fourth quarter. Morgan Stanley now owns 499,836 shares of the technology company’s stock worth $845,037,000 after buying an additional 11,363 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Fair Isaac by 13.4% in the fourth quarter. Principal Financial Group Inc. now owns 458,085 shares of the technology company’s stock valued at $774,518,000 after buying an additional 53,980 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.
Fair Isaac Trading Down 1.9%
FICO traded down $24.60 on Friday, hitting $1,254.81. 212,938 shares of the company were exchanged, compared to its average volume of 271,765. The firm has a 50-day moving average price of $1,182.56 and a two-hundred day moving average price of $1,280.16. Fair Isaac Corporation has a twelve month low of $870.01 and a twelve month high of $1,998.01. The company has a market cap of $29.10 billion, a price-to-earnings ratio of 39.75, a price-to-earnings-growth ratio of 1.10 and a beta of 1.29.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Mizuho assumed coverage on shares of Fair Isaac in a research note on Thursday, April 16th. They set an “outperform” rating and a $1,416.00 price target on the stock. The Goldman Sachs Group reduced their price target on shares of Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Raymond James Financial reissued an “outperform” rating and issued a $1,750.00 price objective on shares of Fair Isaac in a research note on Wednesday, April 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,650.00 target price on shares of Fair Isaac in a research note on Tuesday, June 9th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,627.93.
Get Our Latest Report on Fair Isaac
About Fair Isaac
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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