Algert Global LLC Acquires 2,287 Shares of Fair Isaac Co. (NYSE:FICO)

Algert Global LLC raised its holdings in Fair Isaac Co. (NYSE:FICO) by 813.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,568 shares of the technology company’s stock after acquiring an additional 2,287 shares during the period. Algert Global LLC’s holdings in Fair Isaac were worth $4,991,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FICO. Capital Performance Advisors LLP bought a new stake in shares of Fair Isaac during the 3rd quarter valued at approximately $25,000. EntryPoint Capital LLC acquired a new stake in Fair Isaac in the first quarter valued at approximately $25,000. Tortoise Investment Management LLC grew its stake 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 buying an additional 9 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac during the first quarter worth $26,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In related news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on 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 transaction, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was 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 of the company’s stock, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,890 shares of company stock valued at $13,780,452. Corporate insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

FICO has been the subject of a number of recent research reports. Wells Fargo & Company upped their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays upped their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer lifted their target price on shares of 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. 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 report on Thursday, November 7th. Finally, Needham & Company LLC raised their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Stock Up 0.7 %

Shares of NYSE FICO opened at $2,355.35 on Monday. The company has a market capitalization of $57.35 billion, a PE ratio of 115.18, a P/E/G ratio of 4.30 and a beta of 1.35. The firm has a fifty day simple moving average of $2,055.62 and a 200 day simple moving average of $1,727.82. Fair Isaac Co. has a twelve month low of $1,061.96 and a twelve month high of $2,402.51.

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

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.