West Family Investments Inc. Increases Holdings in Fair Isaac Co. (NYSE:FICO)

West Family Investments Inc. grew its position in Fair Isaac Co. (NYSE:FICO) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 314 shares of the technology company’s stock after buying an additional 19 shares during the quarter. West Family Investments Inc.’s holdings in Fair Isaac were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Fair Isaac during the 3rd quarter worth about $25,000. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac in the 1st quarter valued at about $25,000. Tortoise Investment Management LLC lifted its holdings in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Fair Isaac in the 1st quarter valued at about $26,000. Finally, Meeder Asset Management Inc. lifted its holdings 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 purchasing an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,890 shares of company stock valued at $13,780,452. Insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

NYSE:FICO opened at $2,269.07 on Tuesday. The company has a market capitalization of $55.25 billion, a price-to-earnings ratio of 110.96, a price-to-earnings-growth ratio of 4.16 and a beta of 1.35. Fair Isaac Co. has a one year low of $1,037.55 and a one year high of $2,402.51. The stock has a 50-day simple moving average of $2,017.11 and a 200 day simple moving average of $1,697.11.

Fair Isaac announced that its Board of Directors has approved a share 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 purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FICO shares. Wells Fargo & Company boosted their target price 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 Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research note 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. UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Finally, Robert W. Baird upped their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Four equities 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.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.