Massmutual Trust Co. FSB ADV Purchases 13 Shares of Fair Isaac Co. (NYSE:FICO)

Massmutual Trust Co. FSB ADV grew its stake in shares of Fair Isaac Co. (NYSE:FICO) by 17.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89 shares of the technology company’s stock after acquiring an additional 13 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Fair Isaac were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fifth Third Bancorp grew its stake in Fair Isaac by 42.0% in the 4th quarter. Fifth Third Bancorp now owns 240 shares of the technology company’s stock valued at $279,000 after buying an additional 71 shares in the last quarter. Trust Point Inc. purchased a new position in Fair Isaac in the 4th quarter valued at approximately $215,000. DekaBank Deutsche Girozentrale grew its stake in Fair Isaac by 12.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 16,109 shares of the technology company’s stock valued at $18,685,000 after buying an additional 1,729 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Fair Isaac by 2.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,682 shares of the technology company’s stock valued at $8,942,000 after buying an additional 168 shares in the last quarter. Finally, Phillips Financial Management LLC purchased a new position in Fair Isaac in the 4th quarter valued at approximately $260,000. 85.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FICO. Needham & Company LLC boosted their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Raymond James boosted their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird boosted their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Redburn Atlantic assumed coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,399.45.

Insider Activity

In other news, EVP Richard Deal sold 13,591 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the sale, the executive vice president now owns 49,314 shares in the company, valued at $67,772,230.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total value of $580,406.76. Following the completion of the sale, the executive vice president now directly owns 32,229 shares of the company’s stock, valued at $44,222,055.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Richard Deal sold 13,591 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now directly owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold a total of 16,014 shares of company stock worth $21,888,518 over the last 90 days. 3.54% of the stock is currently owned by insiders.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $73.17 during midday trading on Tuesday, hitting $1,654.99. 246,076 shares of the company traded hands, compared to its average volume of 180,793. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,677.01. The stock has a 50-day moving average price of $1,481.43 and a 200 day moving average price of $1,337.00. The firm has a market cap of $40.58 billion, a P/E ratio of 88.01, a P/E/G ratio of 4.26 and a beta of 1.34.

Fair Isaac declared that its board has authorized a stock buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.