B. Metzler seel. Sohn & Co. Holding AG Takes Position in Fair Isaac Co. (NYSE:FICO)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Fair Isaac Co. (NYSE:FICO) during the 3rd quarter, Holdings Channel reports. The fund bought 1,534 shares of the technology company’s stock, valued at approximately $2,981,000.

A number of other hedge funds also recently bought and sold shares of FICO. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac in the 1st quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in Fair Isaac during the 3rd quarter valued at $25,000. Advisors Asset Management Inc. bought a new position in Fair Isaac in the 1st quarter worth $26,000. Tortoise Investment Management LLC boosted its stake in shares of Fair Isaac by 81.8% during the 2nd 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. purchased a new position in shares of Fair Isaac during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

FICO opened at $2,309.60 on Thursday. The company’s 50-day simple moving average is $2,036.36 and its two-hundred day simple moving average is $1,709.02. The stock has a market capitalization of $56.24 billion, a P/E ratio of 112.94, a P/E/G ratio of 4.16 and a beta of 1.35. Fair Isaac Co. has a 52-week low of $1,049.30 and a 52-week high of $2,402.51.

Fair Isaac declared that its board has approved a share buyback program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company’s 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 transaction of $6,931,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now owns 92 shares in the company, valued at $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 worth $13,780,452. 3.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FICO. Robert W. Baird raised their target price on 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. UBS Group started coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective on the stock. Wells Fargo & Company lifted their target price 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. Needham & Company LLC upped their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Oppenheimer boosted their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. 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.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

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.