Dai ichi Life Insurance Company Ltd Has $6.26 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Dai ichi Life Insurance Company Ltd cut its stake in shares of Fair Isaac Co. (NYSE:FICO) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,219 shares of the technology company’s stock after selling 285 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Fair Isaac were worth $6,256,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FICO. EntryPoint Capital LLC acquired a new stake in Fair Isaac in the first quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in Fair Isaac in the third quarter valued at $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac in the first quarter valued at $26,000. Tortoise Investment Management LLC increased its holdings in Fair Isaac by 81.8% in the second 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 period. Finally, Family Firm Inc. acquired a new stake in Fair Isaac in the second quarter valued at $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joanna Rees sold 3,961 shares of the business’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. 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.

Analyst Ratings Changes

A number of research firms have recently issued reports on FICO. Barclays increased their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on shares of 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, 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 research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Stock Performance

NYSE FICO opened at $2,381.76 on Wednesday. Fair Isaac Co. has a 52-week low of $1,067.36 and a 52-week high of $2,402.51. The company has a market capitalization of $57.99 billion, a P/E ratio of 116.47, a P/E/G ratio of 4.33 and a beta of 1.35. The company has a fifty day moving average of $2,064.93 and a 200-day moving average of $1,735.38.

Fair Isaac declared that its board has initiated a share repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are 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.