Intech Investment Management LLC Purchases 815 Shares of Fair Isaac Co. (NYSE:FICO)

Intech Investment Management LLC boosted its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,208 shares of the technology company's stock after purchasing an additional 815 shares during the period. Fair Isaac comprises about 0.5% of Intech Investment Management LLC's holdings, making the stock its 29th largest holding. Intech Investment Management LLC owned about 0.09% of Fair Isaac worth $45,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in FICO. Quent Capital LLC lifted its stake in Fair Isaac by 11.4% in the 1st quarter. Quent Capital LLC now owns 234 shares of the technology company's stock valued at $292,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd increased its position in Fair Isaac by 140.0% in the 1st quarter. Covestor Ltd now owns 36 shares of the technology company's stock valued at $46,000 after acquiring an additional 21 shares during the period. American International Group Inc. increased its position in Fair Isaac by 7.7% in the 1st quarter. American International Group Inc. now owns 7,522 shares of the technology company's stock valued at $9,400,000 after acquiring an additional 539 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Fair Isaac in the 1st quarter valued at approximately $109,000. Finally, Natixis acquired a new position in Fair Isaac in the 1st quarter valued at approximately $1,939,000. Institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Up 1.1 %

NYSE:FICO opened at $2,309.60 on Thursday. The stock has a market capitalization of $56.24 billion, a price-to-earnings ratio of 112.94, a PEG ratio of 4.20 and a beta of 1.35. The firm has a fifty day simple moving average of $2,036.36 and a two-hundred day simple moving average of $1,709.02. Fair Isaac Co. has a 12 month low of $1,049.30 and a 12 month high of $2,402.51.

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

Insiders Place Their Bets

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the transaction, the director now directly owns 92 shares of the company's stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FICO shares. Wells Fargo & Company upped their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Royal Bank of Canada restated a "sector perform" rating and issued a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. Needham & Company LLC upped 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, 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 company a "buy" rating in a research report on Thursday, November 7th. Finally, Barclays increased 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 research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and an average price target of $1,964.92.

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.

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