Strategy Asset Managers LLC Makes New $1.32 Million Investment in Fair Isaac Co. (NYSE:FICO)

Strategy Asset Managers LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 681 shares of the technology company’s stock, valued at approximately $1,324,000.

Other hedge funds also recently made changes to their positions in the company. Quent Capital LLC lifted its stake in Fair Isaac by 11.4% during the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock worth $292,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd boosted its stake in Fair Isaac by 140.0% in the first quarter. Covestor Ltd now owns 36 shares of the technology company’s stock worth $46,000 after buying an additional 21 shares in the last quarter. National Bank of Canada FI grew its position in Fair Isaac by 91.8% during the first quarter. National Bank of Canada FI now owns 23,350 shares of the technology company’s stock valued at $31,022,000 after acquiring an additional 11,178 shares during the last quarter. American International Group Inc. raised its stake in shares of Fair Isaac by 7.7% during the first quarter. American International Group Inc. now owns 7,522 shares of the technology company’s stock worth $9,400,000 after acquiring an additional 539 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Fair Isaac in the 1st quarter worth approximately $109,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

Fair Isaac stock opened at $2,284.43 on Wednesday. Fair Isaac Co. has a fifty-two week low of $1,037.55 and a fifty-two week high of $2,402.51. The stock’s 50 day simple moving average is $2,026.85 and its two-hundred day simple moving average is $1,704.79. The stock has a market cap of $55.63 billion, a price-to-earnings ratio of 111.71, a PEG ratio of 4.16 and a beta of 1.35.

Fair Isaac declared that its Board of Directors has initiated a share 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 reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction dated 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 transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $582,298.95. Following the sale, the director now directly owns 92 shares in the company, 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 6,890 shares of company stock worth $13,780,452 over the last ninety days. 3.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on FICO shares. UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. The Goldman Sachs Group boosted their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Wells Fargo & Company upped 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 report on Thursday, November 7th. Finally, Oppenheimer raised their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

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.