737 Shares in Fair Isaac Co. (NYSE:FICO) Acquired by Banco Santander S.A.

Banco Santander S.A. acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) in the third quarter, HoldingsChannel.com reports. The firm acquired 737 shares of the technology company’s stock, valued at approximately $1,432,000.

Other large investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in Fair Isaac during the 3rd quarter valued at $25,000. Advisors Asset Management Inc. acquired a new position in Fair Isaac during the 1st quarter worth $26,000. Tortoise Investment Management LLC increased its holdings in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. Finally, Family Firm Inc. bought a new stake in shares of Fair Isaac during the second quarter valued at about $34,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FICO shares. Robert W. Baird raised their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Needham & Company LLC upped their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Barclays lifted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Stock Performance

Fair Isaac stock opened at $2,356.34 on Friday. The company has a 50 day moving average price of $2,055.62 and a 200 day moving average price of $1,721.12. Fair Isaac Co. has a 52 week low of $1,061.96 and a 52 week high of $2,402.51. The firm has a market capitalization of $57.37 billion, a price-to-earnings ratio of 115.22, a P/E/G ratio of 4.20 and a beta of 1.35.

Fair Isaac declared that its board has approved a share repurchase program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now owns 92 shares in the company, valued at $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,890 shares of company stock valued at $13,780,452. Company insiders own 3.54% of the company’s stock.

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.