Fair Isaac Co. (NYSE:FICO) Holdings Boosted by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 394.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361 shares of the technology company's stock after buying an additional 288 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Fair Isaac were worth $702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in shares of Fair Isaac during the first quarter worth approximately $25,000. Advisors Asset Management Inc. bought a new stake in shares of Fair Isaac in the 1st quarter worth about $26,000. Tortoise Investment Management LLC raised 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. bought a new position in shares of Fair Isaac during the second quarter worth about $34,000. Finally, Covestor Ltd grew its stake in Fair Isaac by 140.0% in the first quarter. Covestor Ltd now owns 36 shares of the technology company's stock worth $46,000 after purchasing an additional 21 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 3.7 %

Fair Isaac stock traded up $74.70 during midday trading on Wednesday, reaching $2,084.45. 233,977 shares of the stock traded hands, compared to its average volume of 169,960. The firm has a fifty day moving average price of $1,919.23 and a two-hundred day moving average price of $1,626.15. Fair Isaac Co. has a fifty-two week low of $900.01 and a fifty-two week high of $2,103.70. The firm has a market cap of $51.11 billion, a price-to-earnings ratio of 105.61, a PEG ratio of 3.68 and a beta of 1.35.

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

Wall Street Analysts Forecast Growth

FICO has been the topic of several research reports. UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price objective on the stock. Wolfe Research began coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an "outperform" rating and a $1,725.00 price target on the stock. Needham & Company LLC lifted their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Barclays increased their target price on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Finally, Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,787.08.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the firm's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the transaction, the chief financial officer now owns 575 shares of the company's stock, valued at approximately $997,625. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the company's stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders sold 12,261 shares of company stock worth $21,200,190. Company insiders own 3.54% of the company's stock.

Fair Isaac Company 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.