Algert Global LLC Grows Stake in Fair Isaac Co. (NYSE:FICO)

Algert Global LLC grew its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 813.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,568 shares of the technology company's stock after purchasing an additional 2,287 shares during the quarter. Algert Global LLC's holdings in Fair Isaac were worth $4,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Fair Isaac in the third quarter valued at approximately $25,000. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac during the 1st quarter valued at $25,000. Tortoise Investment Management LLC raised its stake 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 purchasing an additional 9 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Fair Isaac in the 1st quarter worth about $26,000. Finally, Meeder Asset Management Inc. grew its position in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock valued at $43,000 after buying an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FICO shares. Royal Bank of Canada reissued a "sector perform" rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Oppenheimer boosted their price objective on shares of 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 boosted their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, UBS Group began coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 target price for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Fair Isaac has a consensus rating of "Moderate Buy" and an average target price of $1,964.92.

Insider Buying and Selling at Fair Isaac

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the company's stock in a transaction dated 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 10,390 shares of company stock worth $21,901,887. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Stock Performance

Shares of FICO traded up $5.01 during trading hours on Monday, hitting $2,360.36. The company had a trading volume of 283,463 shares, compared to its average volume of 169,599. The stock has a market capitalization of $57.47 billion, a price-to-earnings ratio of 115.42, a P/E/G ratio of 4.33 and a beta of 1.35. The firm has a fifty day moving average price of $2,064.93 and a 200-day moving average price of $1,735.38. Fair Isaac Co. has a 52-week low of $1,067.36 and a 52-week high of $2,402.51.

Fair Isaac declared that its board has authorized a stock repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

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.