Raymond James Trust N.A. Cuts Stake in Fair Isaac Co. (NYSE:FICO)

Raymond James Trust N.A. lowered its position in shares of Fair Isaac Co. (NYSE:FICO) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 472 shares of the technology company’s stock after selling 6 shares during the period. Raymond James Trust N.A.’s holdings in Fair Isaac were worth $917,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FICO. International Assets Investment Management LLC increased its stake in shares of 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 buying an additional 538,071 shares during the period. AustralianSuper Pty Ltd increased its stake in shares of 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 buying an additional 67,931 shares during the period. Westwind Capital grew its stake in Fair Isaac by 891.8% in the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after purchasing an additional 62,710 shares during the last quarter. Jennison Associates LLC grew 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 during the last quarter. Finally, Spear Holdings RSC Ltd purchased a new position in Fair Isaac in the first quarter valued at about $69,478,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

FICO has been the topic of several analyst reports. Barclays lifted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird raised their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Finally, Needham & Company LLC raised their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a 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, the company has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Fair Isaac Trading Up 0.7 %

Shares of NYSE:FICO opened at $2,355.35 on Monday. Fair Isaac Co. has a 12-month low of $1,061.96 and a 12-month high of $2,402.51. The company has a market capitalization of $57.35 billion, a PE 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 two-hundred day moving average of $1,727.82.

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 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 typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, Director Joanna Rees sold 3,961 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction that occurred 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 owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,890 shares of company stock worth $13,780,452 over the last three months. 3.54% of the stock is currently owned by corporate insiders.

About Fair Isaac

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.