Fair Isaac Co. (NYSE:FICO) Sees Large Growth in Short Interest

Fair Isaac Co. (NYSE:FICO) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 669,900 shares, an increase of 13.5% from the December 31st total of 590,000 shares. Based on an average daily trading volume, of 156,700 shares, the days-to-cover ratio is currently 4.3 days. Currently, 2.8% of the company’s shares are short sold.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded down $46.58 on Monday, hitting $1,826.98. 266,420 shares of the company’s stock were exchanged, compared to its average volume of 224,019. Fair Isaac has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The company has a 50-day simple moving average of $2,070.67 and a 200-day simple moving average of $1,955.82. The stock has a market capitalization of $44.65 billion, a PE ratio of 89.34, a PEG ratio of 3.45 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FICO. 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. 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. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Jefferies Financial Group upped their target price on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Barclays upped their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target of $2,087.77.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction on 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 directly owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,589 shares of company stock valued at $31,258,963 over the last three months. 3.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC raised its position in shares of Fair Isaac by 12.0% during the 2nd quarter. Algert Global LLC now owns 281 shares of the technology company’s stock valued at $418,000 after purchasing an additional 30 shares during the period. Creative Planning boosted its stake in shares of Fair Isaac by 7.8% in the second quarter. Creative Planning now owns 3,984 shares of the technology company’s stock worth $5,931,000 after acquiring an additional 289 shares during the period. NewEdge Advisors LLC raised its stake in Fair Isaac by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 808 shares of the technology company’s stock valued at $1,202,000 after purchasing an additional 40 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Fair Isaac by 6.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 280 shares of the technology company’s stock worth $417,000 after purchasing an additional 17 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Fair Isaac in the 2nd quarter worth approximately $3,211,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

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.