Commerce Bank Trims Stock Position in Fair Isaac Co. (NYSE:FICO)

Commerce Bank lessened its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 9.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,086 shares of the technology company's stock after selling 526 shares during the period. Commerce Bank's holdings in Fair Isaac were worth $9,885,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FICO. International Assets Investment Management LLC raised its stake in shares of Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock worth $1,046,304,000 after acquiring an additional 538,071 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company's stock worth $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. AustralianSuper Pty Ltd boosted its position in Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company's stock valued at $142,413,000 after buying an additional 67,931 shares during the period. Westwind Capital grew its stake in shares of Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company's stock valued at $10,382,000 after buying an additional 62,710 shares during the last quarter. Finally, Spear Holdings RSC Ltd purchased a new position in shares of Fair Isaac in the first quarter worth about $69,478,000. Institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. Robert W. Baird upped their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Royal Bank of Canada reissued 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. Needham & Company LLC upped their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,964.92.

Fair Isaac Trading Up 1.1 %

NYSE FICO opened at $2,309.60 on Thursday. Fair Isaac Co. has a 12 month low of $1,049.30 and a 12 month high of $2,402.51. The stock's 50 day moving average is $2,036.36 and its 200 day moving average is $1,709.02. The stock has a market cap of $56.24 billion, a PE ratio of 112.94, a P/E/G ratio of 4.20 and a beta of 1.35.

Fair Isaac announced that its board has approved a share repurchase 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 an indication that the company's board believes its stock is undervalued.

Insider Activity at Fair Isaac

In other news, EVP Thomas A. Bowers sold 2,680 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,890 shares of company stock valued at $13,780,452. Insiders own 3.54% of the company's stock.

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.