Sumitomo Mitsui Trust Group Inc. Has $109.05 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Sumitomo Mitsui Trust Group Inc. increased its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,109 shares of the technology company's stock after purchasing an additional 245 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Fair Isaac worth $109,049,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Fair Isaac by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company's stock worth $3,568,605,000 after buying an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Fair Isaac by 25.4% during 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 in the last quarter. International Assets Investment Management LLC boosted its stake in shares of 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. Principal Financial Group Inc. grew its holdings in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after purchasing an additional 1,977 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Fair Isaac by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company's stock worth $514,523,000 after buying an additional 21,768 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FICO shares. The Goldman Sachs Group lifted their target price 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. UBS Group started coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Robert W. Baird increased 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. Finally, Barclays boosted their target price on shares of 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. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $1,964.92.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded down $20.29 during trading on Thursday, hitting $2,328.16. 36,891 shares of the stock were exchanged, compared to its average volume of 170,307. The stock has a market cap of $56.69 billion, a PE ratio of 114.84, a P/E/G ratio of 4.35 and a beta of 1.35. The stock's fifty day moving average is $1,985.32 and its 200 day moving average is $1,669.35. Fair Isaac Co. has a 12 month low of $1,014.86 and a 12 month high of $2,402.51.

Fair Isaac declared that its Board of Directors has approved a stock repurchase program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now owns 92 shares of the company's stock, valued at approximately $215,146.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company's stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now owns 92 shares in the company, valued at $215,146.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,890 shares of company stock worth $13,780,452. Company insiders own 3.54% of the company's stock.

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.