Entropy Technologies LP Invests $1.56 Million in Fair Isaac Co. (NYSE:FICO)

Entropy Technologies LP bought a new position in Fair Isaac Co. (NYSE:FICO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 800 shares of the technology company's stock, valued at approximately $1,555,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB lifted its holdings in Fair Isaac by 11.5% during the third quarter. Swedbank AB now owns 9,822 shares of the technology company's stock worth $19,089,000 after acquiring an additional 1,013 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company's stock valued at $3,568,605,000 after purchasing an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Fair Isaac by 25.4% during the 1st 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 in the last quarter. Great Valley Advisor Group Inc. bought a new position in Fair Isaac in the second quarter valued at approximately $529,000. Finally, TD Asset Management Inc lifted its stake in Fair Isaac by 9.0% in the first quarter. TD Asset Management Inc now owns 57,842 shares of the technology company's stock valued at $72,280,000 after buying an additional 4,799 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Insider Transactions at Fair Isaac

In related news, 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 value of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Needham & Company LLC raised their target price on shares of 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Barclays raised their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,964.92.

Fair Isaac Trading Up 0.5 %

Fair Isaac stock traded up $12.40 during trading hours on Wednesday, reaching $2,360.50. 66,484 shares of the stock were exchanged, compared to its average volume of 170,583. The company has a market cap of $57.47 billion, a P/E ratio of 116.53, a price-to-earnings-growth ratio of 4.35 and a beta of 1.35. The stock has a 50 day moving average of $1,973.38 and a two-hundred day moving average of $1,664.57. Fair Isaac Co. has a twelve month low of $1,006.71 and a twelve month high of $2,402.51.

Fair Isaac declared that its Board of Directors has initiated a stock buyback 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 often an indication that the company's leadership believes its shares are undervalued.

Fair Isaac Company 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.