Jag Capital Management LLC Raises Stake in Fair Isaac Co. (NYSE:FICO)

Jag Capital Management LLC grew its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,423 shares of the technology company's stock after purchasing an additional 349 shares during the quarter. Fair Isaac makes up about 2.2% of Jag Capital Management LLC's holdings, making the stock its 19th biggest position. Jag Capital Management LLC's holdings in Fair Isaac were worth $18,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in Fair Isaac during the first quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in Fair Isaac during the third quarter worth approximately $25,000. Advisors Asset Management Inc. purchased a new position in shares of Fair Isaac during the first quarter worth approximately $26,000. Tortoise Investment Management LLC grew its position in shares of Fair Isaac by 81.8% during the second 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. Finally, Family Firm Inc. purchased a new position in shares of Fair Isaac during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of NYSE FICO traded up $17.71 during trading on Monday, hitting $2,350.00. 151,134 shares of the company were exchanged, compared to its average volume of 171,176. The company has a market cap of $57.22 billion, a price-to-earnings ratio of 114.05, a PEG ratio of 4.32 and a beta of 1.35. Fair Isaac Co. has a 1 year low of $991.04 and a 1 year high of $2,359.77. The firm's fifty day moving average price is $1,947.74 and its 200 day moving average price is $1,647.69.

Fair Isaac declared that its board has approved a share buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at Fair Isaac

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

Analyst Ratings Changes

FICO has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a research report on Thursday. 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 target price on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday. Robert W. Baird raised their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price objective 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,964.92.

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.