Fair Isaac Co. (NYSE:FICO) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,901 shares of the technology company's stock after acquiring an additional 381 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Fair Isaac were worth $5,638,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FICO. Swedbank AB grew its stake in shares of 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 buying an additional 1,013 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at $529,000. Czech National Bank grew its stake in shares of Fair Isaac by 7.7% during the 2nd quarter. Czech National Bank now owns 4,709 shares of the technology company's stock valued at $7,010,000 after buying an additional 337 shares during the period. Fidelis Capital Partners LLC grew its stake in shares of Fair Isaac by 181.2% during the 3rd quarter. Fidelis Capital Partners LLC now owns 776 shares of the technology company's stock valued at $1,551,000 after buying an additional 500 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Fair Isaac by 7.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,589 shares of the technology company's stock valued at $6,975,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank of Canada reissued 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. Robert W. Baird boosted 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. Wells Fargo & Company upped 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. The Goldman Sachs Group upped 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 report on Thursday, November 7th. Finally, Oppenheimer upped their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,964.92.

Fair Isaac Price Performance

Shares of FICO stock opened at $2,355.35 on Friday. Fair Isaac Co. has a 12 month low of $1,061.96 and a 12 month high of $2,402.51. The firm has a market capitalization of $57.35 billion, a P/E ratio of 115.18, a P/E/G ratio of 4.30 and a beta of 1.35. The company's fifty day moving average price is $2,055.62 and its two-hundred day moving average price is $1,724.47.

Fair Isaac announced that its Board of Directors has initiated a share repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Thomas A. Bowers sold 2,680 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,890 shares of company stock worth $13,780,452 in the last quarter. 3.54% of the stock is owned by corporate insiders.

Fair Isaac 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.