Fair Isaac Co. (NYSE:FICO) Shares Sold by Pitcairn Co.

Pitcairn Co. decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 19.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,475 shares of the technology company’s stock after selling 605 shares during the quarter. Pitcairn Co.’s holdings in Fair Isaac were worth $4,810,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FICO. Swedbank AB boosted its holdings in Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after acquiring an additional 1,013 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after acquiring an additional 174,397 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new position in Fair Isaac in the second quarter valued at $529,000. Czech National Bank boosted its holdings in Fair Isaac by 7.7% in the second quarter. Czech National Bank now owns 4,709 shares of the technology company’s stock valued at $7,010,000 after acquiring an additional 337 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in 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 last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE 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 firm has a market cap of $57.38 billion, a price-to-earnings ratio of 115.22, a PEG ratio of 4.30 and a beta of 1.35. The stock’s 50-day simple moving average is $2,055.62 and its 200-day simple moving average is $1,721.12.

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

Insider Transactions at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, 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. Over the last ninety days, insiders have sold 6,890 shares of company stock valued at $13,780,452. 3.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FICO. Wells Fargo & Company lifted their target price on 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 boosted their price objective 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. Robert W. Baird boosted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Barclays boosted their price objective 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. Finally, The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target 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.