Pacer Advisors Inc. Sells 174,490 Shares of Fair Isaac Co. (NYSE:FICO)

Pacer Advisors Inc. reduced its position in shares of Fair Isaac Co. (NYSE:FICO) by 97.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,021 shares of the technology company’s stock after selling 174,490 shares during the quarter. Pacer Advisors Inc.’s holdings in Fair Isaac were worth $7,815,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FICO. EntryPoint Capital LLC bought a new position in Fair Isaac during the first quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in shares of Fair Isaac during the 3rd quarter worth approximately $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the 1st quarter valued at $26,000. Tortoise Investment Management LLC lifted its holdings in Fair Isaac by 81.8% during the 2nd 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 last quarter. Finally, Family Firm Inc. bought a new position in Fair Isaac during the second quarter worth $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO opened at $2,355.35 on Friday. The business’s fifty day moving average is $2,055.62 and its 200-day moving average is $1,724.47. The firm has a market cap of $57.35 billion, a price-to-earnings ratio of 115.18, a PEG ratio of 4.30 and a beta of 1.35. Fair Isaac Co. has a 52-week low of $1,061.96 and a 52-week high of $2,402.51.

Fair Isaac announced that its board has authorized a share buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related 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 transaction of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. The trade was 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 Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,890 shares of company stock worth $13,780,452. Corporate insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird raised their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Finally, 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.