Pathstone Holdings LLC Lowers Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Pathstone Holdings LLC trimmed its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,589 shares of the technology company's stock after selling 231 shares during the period. Pathstone Holdings LLC's holdings in Fair Isaac were worth $10,862,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac during the third quarter worth $25,000. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac during the first quarter worth $25,000. Tortoise Investment Management LLC increased 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 period. Advisors Asset Management Inc. purchased a new stake in shares of Fair Isaac during the first quarter worth $26,000. Finally, Family Firm Inc. purchased a new stake in shares of Fair Isaac during the second quarter worth $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Shares of FICO stock opened at $2,309.60 on Thursday. The stock's 50-day moving average is $2,036.36 and its two-hundred day moving average is $1,709.02. The firm has a market cap of $56.24 billion, a price-to-earnings ratio of 112.94, a PEG ratio of 4.20 and a beta of 1.35. Fair Isaac Co. has a 1 year low of $1,049.30 and a 1 year high of $2,402.51.

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

Insiders Place Their Bets

In other news, Director Joanna Rees sold 3,961 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now owns 92 shares of the company's stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,890 shares of company stock valued at $13,780,452. 3.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FICO shares. Oppenheimer upped their price objective on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Barclays upped their price objective on 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. Needham & Company LLC increased their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a report on Thursday, November 7th. UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 target price on the stock. Finally, The Goldman Sachs Group increased their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company 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.