National Pension Service Buys 310 Shares of Fair Isaac Co. (NYSE:FICO)

National Pension Service increased its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,674 shares of the technology company's stock after acquiring an additional 310 shares during the quarter. National Pension Service owned about 0.16% of Fair Isaac worth $75,164,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in Fair Isaac in the 1st quarter valued at $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the 1st quarter valued at $26,000. Tortoise Investment Management LLC boosted its stake in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock valued at $30,000 after purchasing an additional 9 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Fair Isaac in the 2nd quarter valued at $34,000. Finally, Covestor Ltd boosted its stake in shares of 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 purchasing an additional 21 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Up 3.7 %

NYSE FICO traded up $74.70 on Wednesday, hitting $2,084.45. 233,977 shares of the company were exchanged, compared to its average volume of 169,960. The company has a market cap of $51.11 billion, a P/E ratio of 105.61, a P/E/G ratio of 3.68 and a beta of 1.35. Fair Isaac Co. has a 1-year low of $900.01 and a 1-year high of $2,103.70. The firm has a 50 day moving average of $1,919.23 and a two-hundred day moving average of $1,626.15.

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

Wall Street Analysts Forecast Growth

FICO has been the topic of several recent analyst reports. Wolfe Research initiated coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an "outperform" rating and a $1,725.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada boosted their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a "sector perform" rating in a research note on Thursday, August 1st. Robert W. Baird boosted their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Finally, Barclays boosted their target price on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an "overweight" rating in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,787.08.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the business's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares of the company's stock, valued at approximately $997,625. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Joanna Rees sold 3,961 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the company's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares of the company's stock, valued at approximately $997,625. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,261 shares of company stock valued at $21,200,190. 3.54% of the stock is currently owned by insiders.

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.