Centiva Capital LP Makes New Investment in Fair Isaac Co. (NYSE:FICO)

Centiva Capital LP bought a new position in shares of Fair Isaac Co. (NYSE:FICO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 156 shares of the technology company’s stock, valued at approximately $303,000.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Fair Isaac during the third quarter worth about $25,000. Tortoise Investment Management LLC increased its position in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Fair Isaac during the second quarter valued at about $34,000. True Wealth Design LLC increased its position in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after acquiring an additional 18 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fair Isaac

In other news, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the sale, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at $107,760,920.75. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,929 shares of company stock worth $23,278,612. Company insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $2,170.00 on Wednesday. The firm has a market cap of $52.84 billion, a P/E ratio of 106.11, a PEG ratio of 4.37 and a beta of 1.36. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The firm’s 50-day simple moving average is $2,155.66 and its 200-day simple moving average is $1,809.59.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FICO shares. Barclays lifted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Needham & Company LLC lifted their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,022.67.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and digital 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. The company operates in 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.