Fair Isaac Co. (NYSE:FICO) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in Fair Isaac Co. (NYSE:FICO) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,185 shares of the technology company’s stock after purchasing an additional 214 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fair Isaac were worth $8,134,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. EntryPoint Capital LLC purchased a new position in Fair Isaac in the 1st quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac in the third quarter valued at about $25,000. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac during the first quarter worth about $26,000. Tortoise Investment Management LLC raised its holdings in Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in Fair Isaac in the second quarter valued at about $34,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Price Performance

Shares of FICO opened at $2,356.34 on Friday. Fair Isaac Co. has a 1-year low of $1,061.96 and a 1-year high of $2,402.51. The stock has a market cap of $57.37 billion, a price-to-earnings ratio of 115.22, a price-to-earnings-growth ratio of 4.20 and a beta of 1.35. The firm has a 50 day simple moving average of $2,055.62 and a 200-day simple moving average of $1,721.12.

Fair Isaac declared that its board has authorized a stock 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 stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the 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 transaction, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,890 shares of company stock valued at $13,780,452. Corporate insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FICO. Barclays increased their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Oppenheimer boosted their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

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.