Geneva Capital Management LLC cut its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 57.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,599 shares of the technology company's stock after selling 40,672 shares during the quarter. Geneva Capital Management LLC owned about 0.12% of Fair Isaac worth $59,469,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB lifted its position in Fair Isaac by 11.5% during the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company's stock valued at $19,089,000 after acquiring an additional 1,013 shares during the period. Vanguard Group Inc. increased its holdings 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 worth $3,568,605,000 after purchasing an additional 35,263 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 worth $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of Fair Isaac during the second quarter valued at $529,000. Finally, Entropy Technologies LP purchased a new stake in shares of Fair Isaac during the first quarter valued at $547,000. 85.75% of the stock is owned by hedge funds and other institutional investors.
Fair Isaac Stock Performance
FICO traded up $35.98 during trading on Wednesday, hitting $2,384.08. 60,387 shares of the stock were exchanged, compared to its average volume of 170,562. Fair Isaac Co. has a 1 year low of $1,006.71 and a 1 year high of $2,402.51. The firm has a 50 day simple moving average of $1,973.38 and a 200 day simple moving average of $1,664.57. The firm has a market cap of $58.05 billion, a price-to-earnings ratio of 116.53, a P/E/G ratio of 4.35 and a beta of 1.35.
Fair Isaac announced that its board has authorized a stock repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.
Insider Transactions at Fair Isaac
In other news, Director Joanna Rees sold 3,961 shares of the business'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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.54% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their target price on 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. UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price objective on the stock. Oppenheimer boosted their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group increased 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 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 company 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,964.92.
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About Fair Isaac
(
Free Report)
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.
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