Dai ichi Life Insurance Company Ltd Sells 285 Shares of Fair Isaac Co. (NYSE:FICO)

Dai ichi Life Insurance Company Ltd lowered its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 8.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,219 shares of the technology company’s stock after selling 285 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Fair Isaac were worth $6,256,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FICO. 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 last quarter. 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 last quarter. Finally, LRI Investments LLC bought a new stake in shares of Fair Isaac during the first quarter worth approximately $224,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FICO shares. Oppenheimer boosted their price objective 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. 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 report on Thursday, November 7th. UBS Group started coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. 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 report 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 report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $1,964.92.

Fair Isaac Trading Up 0.9 %

Shares of FICO stock opened at $2,381.76 on Wednesday. The stock has a market cap of $57.99 billion, a P/E ratio of 116.47, a price-to-earnings-growth ratio of 4.33 and a beta of 1.35. The stock has a 50 day simple moving average of $2,064.93 and a 200 day simple moving average of $1,735.38. Fair Isaac Co. has a 1 year low of $1,067.36 and a 1 year high of $2,402.51.

Fair Isaac declared that its Board of Directors has initiated a stock repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the sale, the executive vice president now directly owns 48,895 shares in the company, valued at $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director now owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,390 shares of company stock worth $21,901,887. Company insiders own 3.54% of the company’s stock.

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.