Cypress Capital Group Buys 16 Shares of Fair Isaac Co. (NYSE:FICO)

Cypress Capital Group boosted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 568 shares of the technology company’s stock after buying an additional 16 shares during the period. Cypress Capital Group’s holdings in Fair Isaac were worth $1,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. International Assets Investment Management LLC increased its position in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after acquiring an additional 538,071 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after acquiring an additional 174,397 shares during the last quarter. AustralianSuper Pty Ltd increased its position in Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock valued at $142,413,000 after acquiring an additional 67,931 shares during the last quarter. Westwind Capital increased its position in Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after acquiring an additional 62,710 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after acquiring an additional 62,653 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FICO shares. The Goldman Sachs Group upped their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. UBS Group assumed coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Needham & Company LLC boosted their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Finally, Oppenheimer boosted their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,964.92.

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the 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 sale, the director now owns 92 shares in the company, valued at approximately $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. Over the last three months, insiders sold 6,890 shares of company stock valued at $13,780,452. Insiders own 3.54% of the company’s stock.

Fair Isaac Trading Up 1.2 %

Shares of Fair Isaac stock opened at $2,337.83 on Friday. The stock has a 50 day moving average of $2,045.87 and a 200 day moving average of $1,713.39. Fair Isaac Co. has a 12 month low of $1,057.69 and a 12 month high of $2,402.51. The firm has a market cap of $56.92 billion, a PE ratio of 114.32, a PEG ratio of 4.20 and a beta of 1.35.

Fair Isaac declared that its board has approved a stock repurchase program 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 stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

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.