Westfield Capital Management Co. LP Has $116.78 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Westfield Capital Management Co. LP reduced its stake in Fair Isaac Co. (NYSE:FICO) by 28.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,088 shares of the technology company’s stock after selling 23,365 shares during the period. Westfield Capital Management Co. LP’s holdings in Fair Isaac were worth $116,782,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FICO. International Assets Investment Management LLC boosted its holdings 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 worth $1,046,304,000 after buying an additional 538,071 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after acquiring an additional 1,977 shares during the period. American Century Companies Inc. grew its holdings in Fair Isaac by 6.7% during the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after purchasing an additional 21,768 shares during the period. Jennison Associates LLC increased its stake in Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after purchasing an additional 62,653 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Fair Isaac by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 105,267 shares of the technology company’s stock worth $156,704,000 after purchasing an additional 5,642 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on FICO shares. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac 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 price target for the company. Needham & Company LLC boosted their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Barclays upped their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Insiders Place Their Bets

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 directly owns 92 shares of the company’s stock, 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. Insiders have sold 6,890 shares of company stock valued at $13,780,452 in the last 90 days. 3.54% of the stock is currently owned by insiders.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $2,355.35 on Friday. Fair Isaac Co. has a fifty-two week low of $1,061.96 and a fifty-two week high of $2,402.51. The stock has a market capitalization of $57.35 billion, a price-to-earnings ratio of 115.18, a PEG ratio of 4.30 and a beta of 1.35. The business has a 50-day moving average of $2,055.62 and a 200-day moving average of $1,724.47.

Fair Isaac declared that its board has approved a stock buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are 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.