Truist Financial Corp acquires 1,162 shares of Fair Isaac Co. (NYSE: FICO)

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Truist Financial Corp increased its holdings of Fair Isaac Co. (NYSE: FICO – Get Rating) stock by 17.9% in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The fund held 7,670 shares of the technology company after acquiring 1,162 additional shares during the quarter. Truist Financial Corp’s holdings in Fair Isaac were worth $3,577,000 at the end of the last quarter.

Other institutional investors have also recently increased or reduced their stake in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Fair Isaac shares by 1.0% in Q4. Kayne Anderson Rudnick Investment Management LLC now owns 658,621 shares of the technology company valued at $285,625,000 after buying an additional 6,559 shares in the last quarter. WCM Investment Management LLC increased its stake in Fair Isaac shares by 4.4% in Q4. WCM Investment Management LLC now owns 611,470 shares of the technology company valued at $265,176,000 after purchasing an additional 25,524 shares in the last quarter. Kensico Capital Management Corp increased its stake in shares of Fair Isaac by 110.7% in the fourth quarter. Kensico Capital Management Corp now owns 308,900 shares of the technology company valued at $133,961,000 after buying an additional 162,300 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Fair Isaac shares by 27.7% in Q1. Frontier Capital Management Co. LLC now owns 295,113 shares of the technology company valued at $137,658,000 after buying an additional 64,024 shares in the last quarter. Finally, Credit Suisse AG increased its equity stake in Fair Isaac by 11.6% in the 4th quarter. Credit Suisse AG now owns 294,437 shares of the technology company valued at $127,689,000 after buying an additional 30,544 shares in the last quarter. 86.67% of the shares are held by institutional investors.

A Wall Street analyst gives his opinion

Several research analysts have recently released reports on FICO stocks. StockNews.com began covering Fair Isaac shares in a research note on Thursday, March 31. They set a “buy” rating on the stock. Barclays cut its price target on shares of Fair Isaac from $575.00 to $450.00 and set an “overweight” rating on the stock in a Friday, June 17 research note. One investment analyst gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $527.20.

Fair Isaac stock up to 2.1%

NYSE FICO shares opened at $428.30 on Friday. The company’s fifty-day simple moving average is $397.21 and its 200-day simple moving average is $432.22. Fair Isaac Co. has a 12-month low of $340.48 and a 12-month high of $553.97. The company has a market capitalization of $11.11 billion, a PE ratio of 28.14 and a beta of 1.20.

Fair Isaac (NYSE:FICO – Get Rating) last released its quarterly earnings data on Wednesday, April 27. The technology company reported earnings per share of $3.85 for the quarter, beating the consensus estimate of $3.13 by $0.72. Fair Isaac had a net margin of 31.52% and a negative return on equity of 113.66%. The company posted revenue of $357.20 million for the quarter, versus a consensus estimate of $337.63 million. In the same quarter a year earlier, the company posted earnings per share of $2.30. The company’s revenue increased 7.8% year over year. On average, stock analysts predict that Fair Isaac Co. will post 11.98 earnings per share for the current year.

Insiders place their bets

In other Fair Isaac news, Director Joanna Rees sold 253 shares of the company in a trade on Wednesday, June 15. The shares were sold at an average price of $383.72, for a total transaction of $97,081.16. Following the transaction, the administrator now owns 3,922 shares of the company, valued at $1,504,949.84. The transaction was disclosed in a filing with the SEC, accessible via this link. Company insiders hold 3.27% of the company’s shares.

Profile of Isaac Fair

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Fair Isaac Corporation develops analytics, software, and data management products and services that enable businesses to automate, improve, and connect decisions across the Americas, Europe, the Middle East, Africa, and Asia- Peaceful. It operates through two segments, Partitions and Software. The Software segment offers a preconfigured decision management solution designed for various business issues or processes, such as marketing, account creation, customer management, customer engagement, fraud detection, financial crime compliance , collection and marketing, and related professional services.

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Institutional ownership by quarter for Fair Isaac (NYSE:FICO)



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