Phillips Financial Management LLC Has $463,000 Stake in Fair Isaac Co. (NYSE:FICO)

Phillips Financial Management LLC increased its stake in Fair Isaac Co. (NYSE:FICO) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 238 shares of the technology company’s stock after purchasing an additional 8 shares during the quarter. Phillips Financial Management LLC’s holdings in Fair Isaac were worth $463,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Heritage Family Offices LLP lifted its stake in shares of Fair Isaac by 2.0% in the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after buying an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Fair Isaac by 5.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after acquiring an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its holdings in Fair Isaac by 4.0% during the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after acquiring an additional 6 shares during the period. Covestor Ltd grew its position in shares of Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Fair Isaac by 1.8% in the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock worth $651,000 after purchasing an additional 7 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Down 2.7 %

NYSE FICO opened at $2,261.00 on Monday. Fair Isaac Co. has a 1-year low of $1,021.06 and a 1-year high of $2,402.51. The stock’s 50 day moving average is $2,007.25 and its two-hundred day moving average is $1,689.33. The company has a market capitalization of $55.05 billion, a price-to-earnings ratio of 110.56, a PEG ratio of 4.16 and a beta of 1.35.

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

Wall Street Analyst Weigh In

FICO has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird increased their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. Needham & Company LLC increased 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 report on Thursday, November 7th. Finally, Barclays boosted their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s 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 value of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares in the company, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,890 shares of company stock valued at $13,780,452 in the last 90 days. 3.54% of the stock is owned by corporate insiders.

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.