Gilbert & Cook Inc. Buys 47 Shares of Fair Isaac Co. (NYSE:FICO)

Gilbert & Cook Inc. lifted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 14.1% in the third quarter, Holdings Channel.com reports. The fund owned 380 shares of the technology company’s stock after acquiring an additional 47 shares during the quarter. Gilbert & Cook Inc.’s holdings in Fair Isaac were worth $739,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its position in shares of Fair Isaac by 5.4% during the third quarter. Thrivent Financial for Lutherans now owns 4,185 shares of the technology company’s stock worth $8,134,000 after acquiring an additional 214 shares during the last quarter. Natixis Advisors LLC increased its holdings in Fair Isaac by 1.9% in the third quarter. Natixis Advisors LLC now owns 10,369 shares of the technology company’s stock worth $20,152,000 after purchasing an additional 194 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in Fair Isaac by 1,845.2% in the third quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company’s stock worth $72,169,000 after purchasing an additional 35,224 shares in the last quarter. Valley Wealth Managers Inc. increased its holdings in Fair Isaac by 6.5% in the third quarter. Valley Wealth Managers Inc. now owns 329 shares of the technology company’s stock worth $639,000 after purchasing an additional 20 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Fair Isaac by 6.2% in the third quarter. Empowered Funds LLC now owns 5,663 shares of the technology company’s stock worth $11,006,000 after purchasing an additional 333 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FICO shares. Wells Fargo & Company lifted their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird raised their price objective on 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. UBS Group began coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Needham & Company LLC raised their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays raised their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Trading Down 2.7 %

Shares of Fair Isaac stock opened at $2,261.00 on Friday. The stock has a fifty day simple moving average of $2,007.25 and a 200 day simple moving average of $1,685.50. Fair Isaac Co. has a 12-month low of $1,021.06 and a 12-month high of $2,402.51. The company has a market capitalization of $55.06 billion, a P/E ratio of 110.56, a price-to-earnings-growth ratio of 4.16 and a beta of 1.35.

Fair Isaac declared that its Board of Directors has initiated a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the company’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 transaction, the director now owns 92 shares in the company, valued at $215,146.60. This represents a 73.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were 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. Over the last 90 days, insiders sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is owned by corporate insiders.

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.