Tranquility Partners LLC Sells 5 Shares of Fair Isaac Co. (NYSE:FICO)

Tranquility Partners LLC decreased its position in shares of Fair Isaac Co. (NYSE:FICO) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 271 shares of the technology company’s stock after selling 5 shares during the period. Tranquility Partners LLC’s holdings in Fair Isaac were worth $527,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB raised its stake in Fair Isaac by 11.5% during the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after buying an additional 174,397 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new stake in Fair Isaac during the second quarter valued at approximately $529,000. Czech National Bank raised its holdings in Fair Isaac by 7.7% during the 2nd quarter. Czech National Bank now owns 4,709 shares of the technology company’s stock valued at $7,010,000 after buying an additional 337 shares during the period. Finally, Fidelis Capital Partners LLC raised its stake in shares of Fair Isaac by 181.2% in the third quarter. Fidelis Capital Partners LLC now owns 776 shares of the technology company’s stock valued at $1,551,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the topic of several recent analyst reports. Barclays increased their price target 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. Robert W. Baird raised 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 report on Thursday, November 7th. Wells Fargo & Company upped their price objective 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. UBS Group initiated coverage on 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $1,964.92.

Fair Isaac Stock Performance

NYSE:FICO opened at $2,269.07 on Tuesday. The company has a fifty day moving average of $2,017.11 and a two-hundred day moving average of $1,697.11. Fair Isaac Co. has a fifty-two week low of $1,037.55 and a fifty-two week high of $2,402.51. The stock has a market capitalization of $55.25 billion, a PE ratio of 110.96, a P/E/G ratio of 4.16 and a beta of 1.35.

Fair Isaac declared that its Board of Directors has approved a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, 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. In the last three months, insiders have sold 6,890 shares of company stock worth $13,780,452. Insiders own 3.54% of the company’s stock.

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.