Cynosure Group LLC Has $781,000 Stake in Fair Isaac Co. (NYSE:FICO)

Cynosure Group LLC lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 25.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 402 shares of the technology company’s stock after selling 139 shares during the period. Cynosure Group LLC’s holdings in Fair Isaac were worth $781,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. EntryPoint Capital LLC bought a new stake in Fair Isaac during the first quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in Fair Isaac during the third quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac in the 1st quarter valued at $26,000. Tortoise Investment Management LLC increased its stake 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. Finally, Family Firm Inc. acquired a new position in shares of Fair Isaac during the 2nd quarter worth $34,000. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FICO shares. Robert W. Baird upped their price objective on shares of 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 began coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price for the company. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Stock Performance

Shares of FICO opened at $2,381.76 on Wednesday. The stock’s 50-day simple moving average is $2,064.93 and its 200 day simple moving average is $1,735.38. The stock has a market capitalization of $58.00 billion, a price-to-earnings ratio of 116.47, a price-to-earnings-growth ratio of 4.34 and a beta of 1.35. Fair Isaac Co. has a 52-week low of $1,067.36 and a 52-week high of $2,402.51.

Fair Isaac announced that its Board of Directors has approved a stock buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,390 shares of company stock valued at $21,901,887. Insiders own 3.54% of the company’s stock.

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.