Raymond James Trust N.A. Cuts Holdings in Fair Isaac Co. (NYSE:FICO)

Raymond James Trust N.A. lowered its holdings in Fair Isaac Co. (NYSE:FICO) by 1.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 472 shares of the technology company’s stock after selling 6 shares during the quarter. Raymond James Trust N.A.’s holdings in Fair Isaac were worth $917,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Quent Capital LLC increased its position in Fair Isaac by 11.4% during the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock worth $292,000 after buying an additional 24 shares during the period. EntryPoint Capital LLC acquired a new position in Fair Isaac during the first quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new position in Fair Isaac during the first quarter worth approximately $26,000. Janus Henderson Group PLC increased its position in Fair Isaac by 19.1% during the first quarter. Janus Henderson Group PLC now owns 4,009 shares of the technology company’s stock worth $5,009,000 after buying an additional 644 shares during the period. Finally, Motley Fool Asset Management LLC grew its stake in shares of Fair Isaac by 9.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 524 shares of the technology company’s stock valued at $655,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays lifted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. 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 research note on Thursday, November 7th. Needham & Company LLC lifted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their target price on 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Stock Performance

FICO opened at $2,355.35 on Monday. The business’s fifty day moving average is $2,055.62 and its two-hundred day moving average is $1,727.82. The company has a market cap 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 Co. has a one year low of $1,061.96 and a one year high of $2,402.51.

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

Insiders Place Their Bets

In related news, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’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 transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. The trade was 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 worth $13,780,452. 3.54% of the stock is 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.