Fair Isaac Co. (NYSE:FICO) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,354 shares of the technology company’s stock after purchasing an additional 126 shares during the quarter. Amalgamated Bank’s holdings in Fair Isaac were worth $10,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new position in Fair Isaac during the first quarter worth $25,000. Tortoise Investment Management LLC lifted its stake in 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 acquiring an additional 9 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Fair Isaac during the 1st quarter valued at about $26,000. Family Firm Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at about $34,000. Finally, Valley National Advisers Inc. purchased a new stake in Fair Isaac during the second quarter worth about $52,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FICO. Wells Fargo & Company lifted their price objective on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. UBS Group started coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Royal Bank of Canada increased their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their target price on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC increased their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,787.08.

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. Insiders have sold 12,261 shares of company stock valued at $21,200,190 in the last ninety days. Insiders own 3.54% of the company’s stock.

Fair Isaac Stock Up 0.9 %

Shares of Fair Isaac stock opened at $2,008.66 on Wednesday. Fair Isaac Co. has a 52 week low of $900.01 and a 52 week high of $2,103.70. The firm’s 50 day moving average is $1,913.35 and its two-hundred day moving average is $1,619.96. The firm has a market capitalization of $49.25 billion, a P/E ratio of 105.61, a P/E/G ratio of 3.68 and a beta of 1.35.

Fair Isaac declared that its board has initiated a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.