Empowered Funds LLC Raises Stake in Fair Isaac Co. (NYSE:FICO)

Empowered Funds LLC boosted its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,663 shares of the technology company's stock after purchasing an additional 333 shares during the quarter. Empowered Funds LLC's holdings in Fair Isaac were worth $11,006,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Fair Isaac during the 1st quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac in the third quarter worth $25,000. Advisors Asset Management Inc. purchased a new stake in shares of Fair Isaac during the first quarter worth $26,000. Tortoise Investment Management LLC raised its holdings 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 acquiring an additional 9 shares in the last quarter. Finally, Family Firm Inc. bought a new position in Fair Isaac during the second quarter valued at about $34,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 transaction, 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 position. The transaction was disclosed in a legal filing 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 on Monday, November 11th. The shares were 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 in the company, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,890 shares of company stock valued at $13,780,452 over the last 90 days. 3.54% of the stock is owned by insiders.

Fair Isaac Price Performance

NYSE:FICO traded down $62.17 during mid-day trading on Friday, reaching $2,261.00. The stock had a trading volume of 174,656 shares, compared to its average volume of 170,584. The stock has a 50-day simple moving average of $1,996.69 and a two-hundred day simple moving average of $1,673.91. The stock has a market capitalization of $55.06 billion, a PE ratio of 113.71, a P/E/G ratio of 4.50 and a beta of 1.35. Fair Isaac Co. has a 12 month low of $1,021.06 and a 12 month high of $2,402.51.

Fair Isaac announced that its board has approved a stock buyback program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FICO shares. 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 note on Thursday, November 7th. Needham & Company LLC lifted their target price 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. Robert W. Baird lifted their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Barclays lifted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a research 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 research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,964.92.

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.