Cetera Advisors LLC Purchases 2,406 Shares of Fair Isaac Co. (NYSE:FICO)

Cetera Advisors LLC grew its position in shares of Fair Isaac Co. (NYSE:FICO) by 159.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,919 shares of the technology company’s stock after buying an additional 2,406 shares during the quarter. Cetera Advisors LLC’s holdings in Fair Isaac were worth $4,898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FICO. EntryPoint Capital LLC bought a new position in shares of Fair Isaac during the 1st quarter worth approximately $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac during the 1st quarter worth approximately $26,000. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the 1st quarter worth approximately $31,000. DSM Capital Partners LLC purchased a new stake in shares of Fair Isaac during the 4th quarter worth approximately $37,000. Finally, Covestor Ltd increased its stake in shares of Fair Isaac by 140.0% during 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 last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Activity

In other news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were 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 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 can be accessed through the SEC website. In other news, EVP Mark R. Scadina sold 423 shares of Fair Isaac stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the completion of the sale, the executive vice president now directly owns 32,229 shares of the company’s stock, valued at approximately $44,222,055.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Deal sold 13,591 shares of Fair Isaac stock in a transaction 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 sale, the executive vice president now directly owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The disclosure for this sale can be found here. Insiders sold 16,014 shares of company stock worth $21,888,518 in the last three months. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

Fair Isaac stock traded up $21.43 during mid-day trading on Friday, reaching $1,600.38. The company’s stock had a trading volume of 144,730 shares, compared to its average volume of 175,411. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,668.63. The company has a market capitalization of $39.24 billion, a P/E ratio of 84.01, a PEG ratio of 4.26 and a beta of 1.34. The firm’s fifty day moving average price is $1,477.43 and its two-hundred day moving average price is $1,333.92.

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 purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FICO shares. Redburn Atlantic started coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target for the company. Royal Bank of Canada raised 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 research note on Thursday. Wolfe Research started coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target for the company. Raymond James raised their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Needham & Company LLC raised their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $1,399.45.

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.