Entropy Technologies LP Purchases Shares of 800 Fair Isaac Co. (NYSE:FICO)

Entropy Technologies LP acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) in the 3rd quarter, HoldingsChannel reports. The fund acquired 800 shares of the technology company’s stock, valued at approximately $1,555,000.

Other hedge funds have also made changes to their positions in the company. Swedbank AB boosted its holdings in Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after purchasing an additional 35,263 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Fair Isaac by 25.4% in the 1st 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 purchasing an additional 174,397 shares during the period. Great Valley Advisor Group Inc. purchased a new position in Fair Isaac during the 2nd quarter worth approximately $529,000. Finally, TD Asset Management Inc increased its position in Fair Isaac by 9.0% during the first quarter. TD Asset Management Inc now owns 57,842 shares of the technology company’s stock worth $72,280,000 after buying an additional 4,799 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FICO. Oppenheimer increased their price objective 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. UBS Group began coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of 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. Robert W. Baird increased their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, 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 research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and an average target price of $1,964.92.

Fair Isaac Trading Down 0.1 %

Shares of FICO stock opened at $2,348.10 on Wednesday. The stock has a 50 day simple moving average of $1,973.38 and a 200-day simple moving average of $1,664.57. The company has a market cap of $57.18 billion, a price-to-earnings ratio of 114.82, a price-to-earnings-growth ratio of 4.32 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $991.04 and a 12-month high of $2,369.05.

Fair Isaac announced that its Board of Directors has approved a stock buyback 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 buy up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, 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 value of $6,931,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.54% of the stock is currently owned by corporate insiders.

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.