Fair Isaac Co. (NYSE:FICO) Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lessened its stake in Fair Isaac Co. (NYSE:FICO) by 40.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300 shares of the technology company’s stock after selling 200 shares during the period. Clarkston Capital Partners LLC’s holdings in Fair Isaac were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. boosted its position in shares of Fair Isaac by 14.1% in the 3rd quarter. Gilbert & Cook Inc. now owns 380 shares of the technology company’s stock valued at $739,000 after purchasing an additional 47 shares during the period. Thrivent Financial for Lutherans increased its position in 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 buying an additional 214 shares during the period. Natixis Advisors LLC lifted its stake in Fair Isaac by 1.9% in the third quarter. Natixis Advisors LLC now owns 10,369 shares of the technology company’s stock valued at $20,152,000 after buying an additional 194 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of 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 valued at $72,169,000 after acquiring an additional 35,224 shares during the period. Finally, Valley Wealth Managers Inc. grew its position in shares of Fair Isaac by 6.5% during the third quarter. Valley Wealth Managers Inc. now owns 329 shares of the technology company’s stock worth $639,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Fair Isaac stock opened at $2,261.00 on Monday. The company has a market cap of $55.05 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 Co. has a one year low of $1,021.06 and a one year high of $2,402.51. The business has a fifty day moving average of $2,007.25 and a two-hundred day moving average of $1,689.33.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FICO shares. Wells Fargo & Company increased their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer increased 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 note on Tuesday, October 8th. Needham & Company LLC boosted their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group started coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction on 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 directly owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,890 shares of company stock worth $13,780,452 in the last 90 days. 3.54% of the stock is currently owned by corporate insiders.

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.