Heard Capital LLC Sells 22,583 Shares of Fair Isaac Co. (NYSE:FICO)

Heard Capital LLC cut its stake in shares of Fair Isaac Co. (NYSE:FICO) by 22.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 76,140 shares of the technology company’s stock after selling 22,583 shares during the quarter. Fair Isaac makes up 8.3% of Heard Capital LLC’s investment portfolio, making the stock its 5th largest position. Heard Capital LLC’s holdings in Fair Isaac were worth $147,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB grew its holdings in shares of Fair Isaac by 11.5% during the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock worth $19,089,000 after purchasing an additional 1,013 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of Fair Isaac by 86.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after buying an additional 352 shares in the last quarter. BNP Paribas bought a new position in Fair Isaac in the third quarter worth approximately $445,000. Great Valley Advisor Group Inc. purchased a new position in Fair Isaac in the second quarter worth $529,000. Finally, FMR LLC lifted its position in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after purchasing an additional 65,297 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FICO shares. The Goldman Sachs Group lifted their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. UBS Group started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Oppenheimer increased their price target on Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a research note on Monday. Barclays boosted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,998.75.

Insider Activity

In related news, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the sale, the executive vice president now owns 48,895 shares of the company’s stock, valued at $113,456,446.95. The trade was a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,390 shares of company stock worth $21,901,887 over the last three months. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Down 1.8 %

FICO stock opened at $2,332.11 on Tuesday. The company has a 50-day simple moving average of $2,101.37 and a 200 day simple moving average of $1,764.18. The company has a market capitalization of $56.79 billion, a P/E ratio of 114.04, a PEG ratio of 4.37 and a beta of 1.36. Fair Isaac Co. has a fifty-two week low of $1,099.74 and a fifty-two week high of $2,402.51.

Fair Isaac Company Profile

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.