B. Metzler seel. Sohn & Co. Holding AG Invests $2.98 Million in Fair Isaac Co. (NYSE:FICO)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,534 shares of the technology company's stock, valued at approximately $2,981,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quent Capital LLC raised its holdings in Fair Isaac by 11.4% in the first quarter. Quent Capital LLC now owns 234 shares of the technology company's stock worth $292,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd lifted its position in Fair Isaac by 140.0% during the first quarter. Covestor Ltd now owns 36 shares of the technology company's stock valued at $46,000 after acquiring an additional 21 shares during the last quarter. American International Group Inc. boosted its stake in Fair Isaac by 7.7% in the first quarter. American International Group Inc. now owns 7,522 shares of the technology company's stock valued at $9,400,000 after acquiring an additional 539 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Fair Isaac in the first quarter worth $109,000. Finally, Natixis purchased a new stake in shares of Fair Isaac during the 1st quarter valued at $1,939,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Joanna Rees sold 3,961 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm'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 transaction, the executive vice president now owns 5,769 shares of the company's stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,890 shares of company stock valued at $13,780,452. 3.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price objective on the stock. Barclays upped their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Needham & Company LLC lifted their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Oppenheimer lifted their target price 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,964.92.

Fair Isaac Trading Up 1.1 %

Shares of FICO stock opened at $2,309.60 on Thursday. Fair Isaac Co. has a twelve month low of $1,049.30 and a twelve month high of $2,402.51. The company's 50-day moving average price is $2,036.36 and its 200-day moving average price is $1,709.02. The stock has a market cap of $56.24 billion, a price-to-earnings ratio of 112.94, a PEG ratio of 4.20 and a beta of 1.35.

Fair Isaac announced that its Board of Directors has initiated a stock 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 usually an indication that the company's management believes its shares are 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.