Fair Isaac Co. (NYSE:FICO) Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lessened its stake in shares of Fair Isaac Co. (NYSE:FICO) by 40.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 300 shares of the technology company’s stock after selling 200 shares during the period. Clarkston Capital Partners LLC’s holdings in Fair Isaac were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FICO. Gilbert & Cook Inc. raised its holdings in shares of Fair Isaac by 14.1% during the third quarter. Gilbert & Cook Inc. now owns 380 shares of the technology company’s stock valued at $739,000 after acquiring an additional 47 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Fair Isaac by 5.4% during the third quarter. Thrivent Financial for Lutherans now owns 4,185 shares of the technology company’s stock worth $8,134,000 after purchasing an additional 214 shares in the last quarter. Natixis Advisors LLC boosted its stake in Fair Isaac by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 10,369 shares of the technology company’s stock worth $20,152,000 after purchasing an additional 194 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Fair Isaac by 1,845.2% during the third quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company’s stock worth $72,169,000 after buying an additional 35,224 shares in the last quarter. Finally, Valley Wealth Managers Inc. raised its position in shares of Fair Isaac by 6.5% in the third quarter. Valley Wealth Managers Inc. now owns 329 shares of the technology company’s stock valued at $639,000 after buying an additional 20 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,890 shares of company stock valued at $13,780,452. 3.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FICO has been the topic of a number of research reports. Needham & Company LLC raised their target price 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. Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group lifted their price target on shares of 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. Finally, UBS Group assumed coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Price Performance

NYSE FICO opened at $2,261.00 on Monday. The company has a market cap of $55.05 billion, a P/E ratio of 110.56, a P/E/G ratio of 4.16 and a beta of 1.35. The stock has a 50-day moving average of $2,007.25 and a two-hundred day moving average of $1,689.33. Fair Isaac Co. has a 1-year low of $1,021.06 and a 1-year high of $2,402.51.

Fair Isaac announced that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase 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.

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.