Strategy Asset Managers LLC Acquires New Position in Fair Isaac Co. (NYSE:FICO)

Strategy Asset Managers LLC bought a new stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 681 shares of the technology company's stock, valued at approximately $1,324,000.

A number of other large investors have also modified their holdings of FICO. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company's stock worth $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock worth $1,046,304,000 after buying an additional 538,071 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after buying an additional 1,977 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Fair Isaac by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company's stock worth $514,523,000 after acquiring an additional 21,768 shares during the period. Finally, Capital International Investors increased its position in Fair Isaac by 4.5% during the first quarter. Capital International Investors now owns 181,406 shares of the technology company's stock worth $226,687,000 after purchasing an additional 7,884 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded down $15.43 during trading on Wednesday, hitting $2,269.00. 37,410 shares of the stock were exchanged, compared to its average volume of 169,489. The firm's 50-day moving average price is $2,026.85 and its 200 day moving average price is $1,704.79. The stock has a market cap of $55.25 billion, a price-to-earnings ratio of 111.71, a price-to-earnings-growth ratio of 4.16 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $1,049.30 and a 12-month high of $2,402.51.

Fair Isaac announced that its board has approved a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This represents a 31.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanna Rees sold 3,961 shares of the company's 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,890 shares of company stock valued at $13,780,452. 3.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on FICO shares. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Needham & Company LLC raised their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Robert W. Baird raised their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,964.92.

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.