KG&L Capital Management LLC Buys Shares of 173 Fair Isaac Co. (NYSE:FICO)

KG&L Capital Management LLC acquired a new stake in Fair Isaac Co. (NYSE:FICO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 173 shares of the technology company’s stock, valued at approximately $258,000.

A number of other large investors also recently modified their holdings of FICO. EntryPoint Capital LLC acquired a new position in Fair Isaac during the 1st quarter valued at about $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac during the first quarter worth $26,000. OFI Invest Asset Management bought a new position in Fair Isaac during the 1st quarter valued at $31,000. DSM Capital Partners LLC purchased a new position in Fair Isaac during the 4th quarter worth $37,000. Finally, Covestor Ltd grew its stake in shares of Fair Isaac by 140.0% in the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock worth $46,000 after acquiring an additional 21 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

Shares of FICO traded down $3.68 during mid-day trading on Thursday, hitting $1,747.92. The stock had a trading volume of 16,682 shares, compared to its average volume of 178,761. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $1,818.02. The business has a fifty day moving average price of $1,572.15 and a 200-day moving average price of $1,374.92. The firm has a market cap of $43.19 billion, a P/E ratio of 91.95, a PEG ratio of 4.26 and a beta of 1.34.

Fair Isaac declared that its Board of Directors has approved a stock repurchase plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FICO shares. Needham & Company LLC boosted their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Robert W. Baird boosted their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Raymond James upped their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Royal Bank of Canada lifted their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Finally, Barclays upped their price objective on Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,515.82.

Insider Buying and Selling

In other news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares in the company, valued at $997,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,891 shares of company stock valued at $38,037,731. 3.54% of the stock is owned by insiders.

Fair Isaac Company 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.