Fair Isaac Co. (NYSE:FICO) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its holdings in Fair Isaac Co. (NYSE:FICO) by 8.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,547 shares of the technology company’s stock after buying an additional 445 shares during the quarter. Atria Investments Inc’s holdings in Fair Isaac were worth $6,932,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in Fair Isaac during the first quarter worth $25,000. Advisors Asset Management Inc. purchased a new stake in shares of Fair Isaac during the 1st quarter worth about $26,000. OFI Invest Asset Management acquired a new stake in shares of Fair Isaac during the 1st quarter valued at about $31,000. DSM Capital Partners LLC purchased a new position in shares of Fair Isaac in the 4th quarter valued at about $37,000. Finally, Covestor Ltd raised its holdings in Fair Isaac by 140.0% in the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock worth $46,000 after purchasing an additional 21 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fair Isaac news, Director Joanna Rees sold 1,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the completion of the transaction, the director now owns 21,118 shares of the company’s stock, valued at $26,503,090. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard Deal sold 13,591 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the transaction, the executive vice president now owns 49,314 shares in the company, valued at $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold a total of 16,014 shares of company stock worth $21,888,518 in the last quarter. Company insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Fair Isaac stock traded up $21.43 during trading on Friday, reaching $1,600.38. 144,730 shares of the company were exchanged, compared to its average volume of 175,411. The stock’s 50 day simple moving average is $1,477.43 and its two-hundred day simple moving average is $1,333.16. The company has a market capitalization of $39.24 billion, a P/E ratio of 84.03, a PEG ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,668.63.

Fair Isaac announced that its board has initiated a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FICO shares. Wolfe Research assumed coverage on Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Royal Bank of Canada boosted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday. Redburn Atlantic assumed coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective on the stock. Robert W. Baird boosted their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Raymond James raised their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $1,399.45.

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.