OVERSEA CHINESE BANKING Corp Ltd Grows Stock Holdings in Fair Isaac Co. (NYSE:FICO)

OVERSEA CHINESE BANKING Corp Ltd grew its stake in Fair Isaac Co. (NYSE:FICO) by 81.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 256 shares of the technology company’s stock after purchasing an additional 115 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Fair Isaac were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac in the first quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac in the 3rd quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac during the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC raised its position in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares during the period. Finally, Family Firm Inc. acquired a new position in Fair Isaac in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on 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 transaction 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 stock in a transaction on 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 sale, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,890 shares of company stock worth $13,780,452 over the last quarter. 3.54% of the stock is currently owned by insiders.

Fair Isaac Stock Up 0.0 %

Shares of NYSE:FICO opened at $2,348.45 on Thursday. The company has a market capitalization of $57.18 billion, a P/E ratio of 114.84, a P/E/G ratio of 4.35 and a beta of 1.35. The stock’s fifty day simple moving average is $1,985.32 and its 200-day simple moving average is $1,669.35. Fair Isaac Co. has a 52-week low of $1,006.71 and a 52-week high of $2,402.51.

Fair Isaac declared that its board has approved a stock buyback plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird increased their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Oppenheimer boosted 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 increased their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group assumed coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac presently has a consensus 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.