Larson Financial Group LLC Makes New Investment in Fair Isaac Co. (NYSE:FICO)

Larson Financial Group LLC bought a new stake in Fair Isaac Co. (NYSE:FICO - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 226 shares of the technology company's stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the 1st quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in shares of Fair Isaac during the third quarter worth $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac in the first quarter valued at $26,000. Tortoise Investment Management LLC lifted its stake in shares of Fair Isaac by 81.8% in 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 period. Finally, Family Firm Inc. bought a new position in Fair Isaac during the 2nd quarter worth approximately $34,000. Institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

FICO has been the topic of a number of research analyst reports. 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. Oppenheimer lifted their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Royal Bank of Canada reissued a "sector perform" rating and issued a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. UBS Group assumed coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,964.92.

Fair Isaac Stock Down 1.5 %

FICO stock traded down $36.46 during mid-day trading on Wednesday, reaching $2,345.94. 35,138 shares of the company traded hands, compared to its average volume of 169,152. The firm's 50 day moving average price is $2,074.84 and its 200 day moving average price is $1,742.79. The stock has a market cap of $57.12 billion, a price-to-earnings ratio of 114.42, a P/E/G ratio of 4.34 and a beta of 1.35. Fair Isaac Co. has a fifty-two week low of $1,067.36 and a fifty-two week high of $2,402.51.

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

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares in the company, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,390 shares of company stock valued at $21,901,887 over the last 90 days. Insiders own 3.54% of the company's stock.

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.