CWA Asset Management Group LLC Invests $245,000 in Fair Isaac Co. (NYSE:FICO)

CWA Asset Management Group LLC purchased a new position in Fair Isaac Co. (NYSE:FICO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 126 shares of the technology company’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Fair Isaac during the third quarter worth about $25,000. Portside Wealth Group LLC increased its position in Fair Isaac by 11.2% during the third quarter. Portside Wealth Group LLC now owns 239 shares of the technology company’s stock worth $465,000 after purchasing an additional 24 shares during the last quarter. Principal Financial Group Inc. increased its position in Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after purchasing an additional 1,977 shares during the last quarter. Graypoint LLC acquired a new stake in Fair Isaac during the third quarter worth about $292,000. Finally, Concurrent Investment Advisors LLC increased its position in Fair Isaac by 6.6% during the third quarter. Concurrent Investment Advisors LLC now owns 337 shares of the technology company’s stock worth $655,000 after purchasing an additional 21 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FICO has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report 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 target for the company. Wells Fargo & Company lifted 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 research report on Thursday, November 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research report 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Stock Down 0.1 %

Shares of Fair Isaac stock opened at $2,348.10 on Wednesday. Fair Isaac Co. has a 52-week low of $991.04 and a 52-week high of $2,369.05. The company has a 50 day moving average of $1,973.38 and a 200 day moving average of $1,664.57. The company has a market capitalization of $57.18 billion, a P/E ratio of 114.82, a P/E/G ratio of 4.32 and a beta of 1.35.

Fair Isaac announced that its Board of Directors has authorized a stock 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 buy up to 2.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.54% of the stock is owned by 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.