Covestor Ltd Acquires 6 Shares of Fair Isaac Co. (NYSE:FICO)

Covestor Ltd raised its holdings in Fair Isaac Co. (NYSE:FICO) by 30.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26 shares of the technology company’s stock after purchasing an additional 6 shares during the quarter. Covestor Ltd’s holdings in Fair Isaac were worth $52,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FICO. EntryPoint Capital LLC acquired a new position in Fair Isaac during the 1st quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in shares of Fair Isaac during the third quarter worth approximately $25,000. Advisors Asset Management Inc. bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $26,000. Tortoise Investment Management LLC increased its holdings in shares of Fair Isaac by 81.8% in 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 in the last quarter. Finally, Family Firm Inc. bought a new position in Fair Isaac in the 2nd quarter worth approximately $34,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 1.0 %

FICO stock opened at $2,325.42 on Friday. Fair Isaac Co. has a 1-year low of $1,014.86 and a 1-year high of $2,402.51. The firm has a market cap of $56.62 billion, a PE ratio of 113.71, a P/E/G ratio of 4.35 and a beta of 1.35. The business’s 50-day moving average price is $1,996.69 and its two-hundred day moving average price is $1,673.91.

Fair Isaac announced that its board has initiated a share buyback plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

FICO has been the subject of several research reports. UBS Group started coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price for the company. 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. Needham & Company LLC lifted their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Oppenheimer boosted their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird raised their price objective 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Insider Activity

In other news, Director Henry Tayloe Stansbury sold 249 shares of the business’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 directly owns 92 shares in the company, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,890 shares of company stock worth $13,780,452 in the last 90 days. Corporate 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.