AF Advisors Inc. Decreases Holdings in Fair Isaac Co. (NYSE:FICO)

AF Advisors Inc. reduced its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,682 shares of the technology company's stock after selling 460 shares during the period. Fair Isaac accounts for 98.4% of AF Advisors Inc.'s portfolio, making the stock its biggest holding. AF Advisors Inc. owned 1.46% of Fair Isaac worth $697,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Heritage Family Offices LLP increased its stake in Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company's stock worth $498,000 after acquiring an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company's stock worth $216,000 after acquiring an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its position in shares of Fair Isaac by 4.0% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company's stock valued at $301,000 after purchasing an additional 6 shares during the last quarter. Covestor Ltd increased its position in shares of Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company's stock valued at $52,000 after purchasing an additional 6 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Fair Isaac by 1.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company's stock valued at $651,000 after purchasing an additional 7 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Up 0.5 %

Shares of FICO stock traded up $10.94 during mid-day trading on Monday, hitting $2,343.23. 105,192 shares of the company's stock were exchanged, compared to its average volume of 170,926. Fair Isaac Co. has a fifty-two week low of $991.04 and a fifty-two week high of $2,358.50. The stock has a 50-day simple moving average of $1,947.74 and a two-hundred day simple moving average of $1,647.69. The stock has a market cap of $57.06 billion, a price-to-earnings ratio of 114.05, a PEG ratio of 4.32 and a beta of 1.35.

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

Insider Buying and Selling at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the topic of several analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday. Oppenheimer boosted their target price on 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. UBS Group began coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 target price on the stock. Robert W. Baird upped their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, The Goldman Sachs Group upped their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a "buy" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and a consensus price target of $1,964.92.

About Fair Isaac

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.