Bank of Montreal Can Decreases Stake in Fair Isaac Co. (NYSE:FICO)

Bank of Montreal Can reduced its stake in Fair Isaac Co. (NYSE:FICO) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,738 shares of the technology company’s stock after selling 2,134 shares during the period. Bank of Montreal Can owned about 0.09% of Fair Isaac worth $41,729,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Fair Isaac in the 3rd quarter worth approximately $25,000. Tortoise Investment Management LLC increased its stake in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the period. Advisors Asset Management Inc. purchased a new position in Fair Isaac in the 1st quarter worth approximately $26,000. Meeder Asset Management Inc. increased its stake in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the period. Finally, Family Firm Inc. purchased a new position in Fair Isaac in the 2nd quarter worth approximately $34,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Down 1.2 %

NYSE FICO opened at $2,354.00 on Friday. Fair Isaac Co. has a twelve month low of $1,067.36 and a twelve month high of $2,402.51. The firm has a market capitalization of $57.32 billion, a PE ratio of 115.11, a P/E/G ratio of 4.34 and a beta of 1.35. The stock’s 50 day moving average is $2,083.91 and its 200 day moving average is $1,747.07.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value 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. The trade was a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’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 in the company, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,390 shares of company stock worth $21,901,887 over the last ninety days. 3.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FICO shares. Needham & Company LLC lifted their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays lifted their price objective on 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. Oppenheimer lifted their price objective on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

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.