Fair Isaac Co. (NYSE:FICO) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 1,845.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,133 shares of the technology company's stock after buying an additional 35,224 shares during the period. Mizuho Securities USA LLC owned approximately 0.15% of Fair Isaac worth $72,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock valued at $1,046,304,000 after purchasing an additional 538,071 shares during the period. Price T Rowe Associates Inc. MD lifted its position 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 valued at $1,076,268,000 after buying an additional 174,397 shares during the last quarter. AustralianSuper Pty Ltd increased its position in shares of 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 acquiring an additional 67,931 shares during the last quarter. Westwind Capital raised its stake in shares of Fair Isaac by 891.8% in the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company's stock valued at $10,382,000 after acquiring an additional 62,710 shares during the period. Finally, Spear Holdings RSC Ltd acquired a new position in shares of Fair Isaac in the 1st quarter worth approximately $69,478,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insiders Place Their Bets

In related news, 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 transaction, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the business's 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 value of $582,298.95. Following the completion of the sale, the director now owns 92 shares of the company's stock, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,890 shares of company stock valued at $13,780,452 in the last ninety days. Insiders own 3.54% of the company's stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded down $62.17 during trading on Friday, hitting $2,261.00. 185,667 shares of the stock were exchanged, compared to its average volume of 170,584. The stock has a market cap of $55.06 billion, a price-to-earnings ratio of 110.56, a price-to-earnings-growth ratio of 4.50 and a beta of 1.35. The firm's 50-day moving average price is $2,007.25 and its 200 day moving average price is $1,681.66. 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 of Directors has authorized a share buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 target price for the company. Barclays boosted their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Robert W. Baird raised their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on shares of 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. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.