KBC Group NV Has $16.56 Million Holdings in Fair Isaac Co. (NYSE:FICO)

KBC Group NV lifted its holdings in Fair Isaac Co. (NYSE:FICO) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,519 shares of the technology company’s stock after purchasing an additional 147 shares during the quarter. KBC Group NV’s holdings in Fair Isaac were worth $16,557,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new position in Fair Isaac in the first quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac in the 3rd quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac in the first quarter valued at $26,000. Tortoise Investment Management LLC increased its holdings in 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. Finally, Family Firm Inc. bought a new stake in Fair Isaac during the second quarter worth $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other news, 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 value of $6,931,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction that occurred 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 sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,890 shares of company stock valued at $13,780,452. 3.54% of the stock is owned by insiders.

Fair Isaac Price Performance

NYSE FICO opened at $2,261.00 on Friday. Fair Isaac Co. has a fifty-two week low of $1,021.06 and a fifty-two week high of $2,402.51. The business has a fifty day moving average price of $2,007.25 and a two-hundred day moving average price of $1,681.66. The stock has a market capitalization of $55.06 billion, a PE ratio of 110.56, a PEG ratio of 4.50 and a beta of 1.35.

Fair Isaac announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FICO. Robert W. Baird boosted their price target 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. UBS Group started coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. Wells Fargo & Company raised their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC raised their target price on shares of 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

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.