Bank of Nova Scotia Sells 1,368 Shares of Fair Isaac Co. (NYSE:FICO)

Posted by Defense World Staff on May 25th, 2023

Bank of Nova Scotia reduced its holdings in Fair Isaac Co. (NYSE:FICO – Get Rating) by 61.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 866 shares of the technology company’s stock after selling 1,368 shares during the quarter. Bank of Nova Scotia’s holdings in Fair Isaac were worth $518,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in Fair Isaac by 80.8% in the fourth quarter. First Trust Advisors LP now owns 15,335 shares of the technology company’s stock worth $9,179,000 after purchasing an additional 6,851 shares in the last quarter. Victory Capital Management Inc. grew its stake in Fair Isaac by 17.6% in the fourth quarter. Victory Capital Management Inc. now owns 67,994 shares of the technology company’s stock valued at $44,314,000 after acquiring an additional 10,191 shares during the period. Dimensional Fund Advisors LP grew its stake in Fair Isaac by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 172,372 shares of the technology company’s stock valued at $103,180,000 after acquiring an additional 1,437 shares during the period. Achmea Investment Management B.V. grew its stake in Fair Isaac by 52.1% in the fourth quarter. Achmea Investment Management B.V. now owns 5,921 shares of the technology company’s stock valued at $3,321,000 after acquiring an additional 2,029 shares during the period. Finally, Aviva PLC grew its stake in Fair Isaac by 6.5% in the fourth quarter. Aviva PLC now owns 145,985 shares of the technology company’s stock valued at $87,384,000 after acquiring an additional 8,883 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on FICO shares. The Goldman Sachs Group raised their price objective on Fair Isaac from $709.00 to $807.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Jefferies Financial Group raised their price objective on Fair Isaac from $745.00 to $875.00 in a research note on Tuesday, May 2nd. Barclays raised their price objective on Fair Isaac from $820.00 to $920.00 in a research note on Monday. Robert W. Baird lifted their target price on Fair Isaac from $725.00 to $775.00 in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Fair Isaac from $743.00 to $759.00 in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $810.86.

Fair Isaac Trading Up 0.7 %

Shares of Fair Isaac stock opened at $765.21 on Thursday. The business’s fifty day simple moving average is $713.94 and its 200 day simple moving average is $658.97. The firm has a market capitalization of $19.12 billion, a P/E ratio of 51.01 and a beta of 1.27. Fair Isaac Co. has a 12 month low of $371.52 and a 12 month high of $794.02.

Insider Buying and Selling

In related news, EVP Stephanie Covert sold 1,335 shares of Fair Isaac stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $740.34, for a total transaction of $988,353.90. Following the sale, the executive vice president now directly owns 8,067 shares in the company, valued at $5,972,322.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.37% of the stock is currently owned by corporate insiders.

Fair Isaac Company Profile

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Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.