Fair Isaac Co. (NYSE:FICO) Stock Holdings Lowered by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 28.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,088 shares of the technology company’s stock after selling 23,365 shares during the period. Westfield Capital Management Co. LP owned about 0.25% of Fair Isaac worth $116,782,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after buying an additional 538,071 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after acquiring an additional 1,977 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Fair Isaac by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after acquiring an additional 21,768 shares in the last quarter. Jennison Associates LLC boosted its stake in Fair Isaac by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after purchasing an additional 62,653 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Fair Isaac by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 105,267 shares of the technology company’s stock worth $156,704,000 after purchasing an additional 5,642 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity

In other news, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the sale, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird raised their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. UBS Group started coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Oppenheimer upped their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upped 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 assigned a buy rating to the company’s stock. 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 Trading Up 0.7 %

Shares of NYSE FICO opened at $2,355.35 on Friday. Fair Isaac Co. has a one year low of $1,061.96 and a one year high of $2,402.51. The business has a fifty day simple moving average of $2,055.62 and a 200 day simple moving average of $1,724.47. The firm has a market capitalization of $57.35 billion, a price-to-earnings ratio of 115.18, a PEG ratio of 4.30 and a beta of 1.35.

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

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.