West Family Investments Inc. Purchases 19 Shares of Fair Isaac Co. (NYSE:FICO)

West Family Investments Inc. raised its stake in Fair Isaac Co. (NYSE:FICO) by 6.4% in the third quarter, Holdings Channel reports. The fund owned 314 shares of the technology company’s stock after purchasing an additional 19 shares during the quarter. West Family Investments Inc.’s holdings in Fair Isaac were worth $610,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FICO. PNC Financial Services Group Inc. grew its position in shares of Fair Isaac by 15.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,901 shares of the technology company’s stock worth $5,638,000 after buying an additional 381 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Fair Isaac in the 3rd quarter worth about $2,981,000. Meeder Asset Management Inc. grew its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares in the last quarter. Strengthening Families & Communities LLC purchased a new position in Fair Isaac during the 3rd quarter valued at about $95,000. Finally, Quest Partners LLC purchased a new position in Fair Isaac during the 3rd quarter valued at about $688,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.4 %

Shares of Fair Isaac stock opened at $2,269.07 on Tuesday. Fair Isaac Co. has a 52 week low of $1,037.55 and a 52 week high of $2,402.51. The business’s fifty day simple moving average is $2,017.11 and its 200-day simple moving average is $1,697.11. The firm has a market cap of $55.25 billion, a PE ratio of 110.96, 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 stock repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on FICO. UBS Group started coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price for the company. Robert W. Baird boosted their target price 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. Needham & Company LLC upped their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, Oppenheimer upped their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Four equities 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Insider Activity

In other Fair Isaac news, 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 transaction of $582,298.95. Following the sale, 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 this link. 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. Insiders have sold a total of 6,890 shares of company stock valued at $13,780,452 in the last quarter. Insiders own 3.54% of the company’s stock.

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.