National Pension Service raised its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,674 shares of the technology company's stock after buying an additional 310 shares during the quarter. National Pension Service owned 0.16% of Fair Isaac worth $75,164,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac in the 1st quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the first quarter worth approximately $26,000. Tortoise Investment Management LLC increased 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 worth $30,000 after purchasing an additional 9 shares during the last quarter. Family Firm Inc. bought a new position in shares of Fair Isaac during the 2nd quarter valued at $34,000. Finally, Covestor Ltd lifted its stake in shares of Fair Isaac by 140.0% in the 1st quarter. Covestor Ltd now owns 36 shares of the technology company's stock valued at $46,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.
FICO stock opened at $2,008.66 on Wednesday. The business's 50-day simple moving average is $1,913.35 and its 200 day simple moving average is $1,619.96. The company has a market cap of $49.25 billion, a PE ratio of 105.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.35. Fair Isaac Co. has a twelve month low of $900.01 and a twelve month high of $2,103.70.
Fair Isaac announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
In related news, CFO Steven P. Weber sold 1,800 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the transaction, the chief financial officer now directly owns 575 shares of the company's stock, valued at $997,625. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Steven P. Weber sold 1,800 shares of the company's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares of the company's stock, valued at $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares of the company's stock, valued at approximately $9,895,392.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,261 shares of company stock valued at $21,200,190. 3.54% of the stock is owned by corporate insiders.
Several research firms have weighed in on FICO. Wolfe Research initiated coverage on Fair Isaac in a report on Tuesday, July 9th. They set an "outperform" rating and a $1,725.00 target price on the stock. The Goldman Sachs Group upped their target price on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Robert W. Baird upped their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada lifted their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a "sector perform" rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,787.08.
View Our Latest Stock Report on 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.
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