Metis Global Partners LLC Cuts Stake in Fair Isaac Co. (NYSE:FICO)

Metis Global Partners LLC cut its stake in Fair Isaac Co. (NYSE:FICO) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 969 shares of the technology company’s stock after selling 32 shares during the quarter. Metis Global Partners LLC’s holdings in Fair Isaac were worth $1,883,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Swedbank AB raised its holdings in shares of Fair Isaac by 11.5% during the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after buying an additional 1,013 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Fair Isaac by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after buying an additional 35,263 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after buying an additional 174,397 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new position in Fair Isaac during the 2nd quarter worth approximately $529,000. Finally, Czech National Bank grew its holdings in shares of Fair Isaac by 7.7% during the 2nd quarter. Czech National Bank now owns 4,709 shares of the technology company’s stock valued at $7,010,000 after acquiring an additional 337 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Down 2.7 %

Shares of FICO stock opened at $2,261.00 on Friday. The firm has a fifty day moving average of $2,007.25 and a 200-day moving average of $1,681.66. Fair Isaac Co. has a 12-month low of $1,021.06 and a 12-month high of $2,402.51. The company has a market capitalization of $55.06 billion, a price-to-earnings ratio of 110.56, a P/E/G ratio of 4.50 and a beta of 1.35.

Fair Isaac announced that its board has initiated a share repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

FICO has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on shares of 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. UBS Group started coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. The Goldman Sachs Group upped their price objective 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. Finally, Barclays upped their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Insider Transactions at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now owns 92 shares of the company’s stock, valued at $215,146.60. This trade represents a 73.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated 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. Insiders sold 6,890 shares of company stock valued at $13,780,452 over the last quarter. Corporate insiders own 3.54% of the company’s stock.

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.