Atria Investments Inc Decreases Holdings in Fair Isaac Co. (NYSE:FICO)

Atria Investments Inc lessened its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,808 shares of the technology company's stock after selling 566 shares during the quarter. Atria Investments Inc's holdings in Fair Isaac were worth $11,288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac during the 3rd quarter worth approximately $25,000. EntryPoint Capital LLC bought a new position in Fair Isaac in the 1st quarter valued at $25,000. Tortoise Investment Management LLC lifted its holdings in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock worth $30,000 after acquiring an additional 9 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Fair Isaac during the 1st quarter worth $26,000. Finally, Family Firm Inc. bought a new stake in shares of Fair Isaac during the 2nd quarter worth $34,000. Institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on FICO shares. Barclays lifted their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a report on Thursday. Royal Bank of Canada restated a "sector perform" rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday. 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 report on Thursday. Needham & Company LLC boosted their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Oppenheimer boosted their price target on shares of 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,964.92.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $17.71 during midday trading on Monday, reaching $2,350.00. The stock had a trading volume of 151,134 shares, compared to its average volume of 171,176. The stock has a 50-day moving average of $1,947.74 and a 200-day moving average of $1,647.69. The company has a market capitalization of $57.22 billion, a price-to-earnings ratio of 114.05, a price-to-earnings-growth ratio of 4.32 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $991.04 and a 12-month high of $2,359.77.

Fair Isaac declared that its Board of Directors has initiated a share repurchase program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.54% of the company's stock.

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.