Avestar Capital LLC Makes New $274,000 Investment in Fair Isaac Co. (NYSE:FICO)

Avestar Capital LLC acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 141 shares of the technology company’s stock, valued at approximately $274,000.

A number of other institutional investors have also recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac during the 1st quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac during the 3rd quarter worth about $25,000. Advisors Asset Management Inc. purchased a new stake in shares of Fair Isaac during the 1st quarter worth about $26,000. Tortoise Investment Management LLC raised its stake in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter worth about $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Down 1.2 %

Shares of NYSE FICO opened at $2,354.00 on Thursday. The business’s 50 day moving average is $2,074.84 and its two-hundred day moving average is $1,742.79. The company has a market cap of $57.32 billion, a P/E ratio of 115.11, a P/E/G ratio of 4.34 and a beta of 1.35. Fair Isaac Co. has a 12 month low of $1,067.36 and a 12 month high of $2,402.51.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FICO. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. The Goldman Sachs Group raised 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 raised 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 issued a “neutral” rating and a $2,100.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Insider Transactions at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac 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 transaction of $582,298.95. Following the sale, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. The trade was a 31.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,390 shares of company stock valued at $21,901,887. 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.