Bell Bank Trims Stock Position in Fair Isaac Co. (NYSE:FICO)

Bell Bank cut its holdings in Fair Isaac Co. (NYSE:FICO) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307 shares of the technology company’s stock after selling 32 shares during the period. Bell Bank’s holdings in Fair Isaac were worth $597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC increased its stake in Fair Isaac by 6.1% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 397 shares of the technology company’s stock worth $772,000 after buying an additional 23 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in Fair Isaac by 0.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 56,109 shares of the technology company’s stock valued at $109,049,000 after purchasing an additional 245 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in Fair Isaac by 81.6% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 115 shares during the period. Entropy Technologies LP acquired a new stake in Fair Isaac during the third quarter valued at $1,555,000. Finally, Venturi Wealth Management LLC increased its position in shares of Fair Isaac by 61.1% in the third quarter. Venturi Wealth Management LLC now owns 211 shares of the technology company’s stock valued at $410,000 after buying an additional 80 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction on Monday, November 11th. The stock was 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 directly owns 5,769 shares of the company’s stock, valued at $13,489,133.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction that occurred 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 sale, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,890 shares of company stock valued at $13,780,452 over the last quarter. 3.54% of the stock is owned by company insiders.

Analyst Ratings Changes

FICO has been the subject of several recent research reports. UBS Group began coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Wells Fargo & Company increased their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Oppenheimer upped their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Needham & Company LLC increased their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Trading Up 0.0 %

Shares of Fair Isaac stock opened at $2,348.45 on Thursday. The firm has a fifty day simple moving average of $1,985.32 and a 200-day simple moving average of $1,669.35. The stock has a market capitalization of $57.18 billion, a price-to-earnings ratio of 114.84, a PEG ratio of 4.35 and a beta of 1.35. Fair Isaac Co. has a 1-year low of $1,006.71 and a 1-year high of $2,402.51.

Fair Isaac declared that its board has initiated a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Fair Isaac 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.