Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Posted by Defense World Staff on Aug 13th, 2023

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Fair Isaac Co. (NYSE:FICO – Free Report) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,137 shares of the technology company’s stock after purchasing an additional 42 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fair Isaac were worth $5,015,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. BerganKDV Wealth Management LLC raised its stake in shares of Fair Isaac by 126.3% in the 1st quarter. BerganKDV Wealth Management LLC now owns 43 shares of the technology company’s stock valued at $30,000 after acquiring an additional 24 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of Fair Isaac in the 4th quarter valued at $31,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Fair Isaac by 92.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 54 shares of the technology company’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Fair Isaac by 83.8% in the 4th quarter. Benjamin Edwards Inc. now owns 68 shares of the technology company’s stock valued at $41,000 after acquiring an additional 31 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in shares of Fair Isaac in the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 89.88% of the company’s stock.

Insiders Place Their Bets

In other Fair Isaac news, CAO Michael S. Leonard sold 236 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $858.51, for a total transaction of $202,608.36. Following the completion of the transaction, the chief accounting officer now directly owns 4,962 shares of the company’s stock, valued at approximately $4,259,926.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director David A. Rey sold 1,000 shares of Fair Isaac stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $791.05, for a total value of $791,050.00. Following the completion of the transaction, the director now directly owns 1,303 shares of the company’s stock, valued at approximately $1,030,738.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael S. Leonard sold 236 shares of Fair Isaac stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $858.51, for a total transaction of $202,608.36. Following the completion of the transaction, the chief accounting officer now directly owns 4,962 shares of the company’s stock, valued at $4,259,926.62. The disclosure for this sale can be found here. Insiders sold a total of 2,560 shares of company stock valued at $1,998,018 in the last ninety days. Corporate insiders own 3.37% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $860.11 on Friday. The firm has a market cap of $21.42 billion, a P/E ratio of 52.22, a P/E/G ratio of 3.05 and a beta of 1.24. Fair Isaac Co. has a 1-year low of $389.83 and a 1-year high of $892.03. The firm has a fifty day moving average of $812.92 and a two-hundred day moving average of $743.58.

Analyst Ratings Changes

A number of brokerages have recently commented on FICO. Robert W. Baird raised their target price on shares of Fair Isaac from $725.00 to $775.00 in a research note on Monday, May 22nd. Barclays raised their target price on shares of Fair Isaac from $920.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Needham & Company LLC raised their price target on shares of Fair Isaac from $900.00 to $1,100.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. StockNews.com started coverage on shares of Fair Isaac in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Fair Isaac from $743.00 to $759.00 in a report on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $886.57.

Get Our Latest Stock Analysis on Fair Isaac

Fair Isaac Company Profile

(Free Report)

Fair Isaac Corporation develops analytic, software, and data decisioning technologies 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 provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.