CIBC Asset Management Inc Has $6.98 Million Stock Position in Fair Isaac Co. (NYSE:FICO)

CIBC Asset Management Inc grew its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 7.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,589 shares of the technology company's stock after purchasing an additional 257 shares during the period. CIBC Asset Management Inc's holdings in Fair Isaac were worth $6,975,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FICO. EntryPoint Capital LLC acquired a new stake in shares of Fair Isaac during the first quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of Fair Isaac in the 3rd quarter worth about $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac in the 1st quarter valued at about $26,000. Tortoise Investment Management LLC lifted its position in shares of Fair Isaac by 81.8% during the second 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. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the second quarter valued at approximately $34,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.5 %

Fair Isaac stock traded up $11.31 during trading hours on Monday, hitting $2,272.31. 97,961 shares of the company traded hands, compared to its average volume of 170,258. The firm's 50-day simple moving average is $2,007.25 and its two-hundred day simple moving average is $1,689.33. The firm has a market cap of $55.33 billion, a P/E ratio of 110.56, a P/E/G ratio of 4.16 and a beta of 1.35. Fair Isaac Co. has a 1-year low of $1,037.55 and a 1-year high of $2,402.51.

Fair Isaac announced that its board has authorized 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 repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FICO. Wells Fargo & Company boosted their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Oppenheimer boosted their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Barclays increased their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" 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 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,964.92.

Insider Activity at Fair Isaac

In related news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the sale, 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. Insiders have sold 6,890 shares of company stock worth $13,780,452 over the last quarter. 3.54% of the stock is currently owned by company insiders.

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.