Fair Isaac Co. (NYSE:FICO) Position Decreased by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its holdings in Fair Isaac Co. (NYSE:FICO) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,708 shares of the technology company’s stock after selling 154 shares during the quarter. Kentucky Retirement Systems’ holdings in Fair Isaac were worth $3,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after buying an additional 538,071 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after acquiring an additional 174,397 shares during the last quarter. AustralianSuper Pty Ltd raised its position in shares of Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after purchasing an additional 67,931 shares during the period. Westwind Capital lifted its holdings in shares of Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after purchasing an additional 62,710 shares during the last quarter. Finally, Spear Holdings RSC Ltd acquired a new position in shares of Fair Isaac in the 1st quarter valued at $69,478,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction dated 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 sale, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,890 shares of company stock worth $13,780,452 in the last three months. 3.54% of the stock is owned by insiders.

Analyst Ratings Changes

FICO has been the topic of several recent analyst reports. Barclays boosted their price objective 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. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective on the stock. Needham & Company LLC increased their target price 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, Robert W. Baird raised their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Trading Down 2.7 %

FICO opened at $2,261.00 on Friday. Fair Isaac Co. has a 1 year low of $1,021.06 and a 1 year high of $2,402.51. The stock has a fifty day moving average price of $2,007.25 and a 200 day moving average price of $1,685.50. The stock has a market cap of $55.06 billion, a price-to-earnings ratio of 110.56, a PEG ratio of 4.50 and a beta of 1.35.

Fair Isaac announced that its Board of Directors has initiated a share repurchase program 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 shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.