Harvest Fund Management Co. Ltd Increases Holdings in Fair Isaac Co. (NYSE:FICO)

Harvest Fund Management Co. Ltd boosted its position in Fair Isaac Co. (NYSE:FICO) by 86.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 760 shares of the technology company’s stock after purchasing an additional 352 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Fair Isaac were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in FICO. Quent Capital LLC increased its stake in Fair Isaac by 11.4% in the 1st quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock worth $292,000 after acquiring an additional 24 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the first quarter worth approximately $25,000. Advisors Asset Management Inc. purchased a new stake in Fair Isaac in the first quarter valued at approximately $26,000. Janus Henderson Group PLC lifted its position in Fair Isaac by 19.1% during the first quarter. Janus Henderson Group PLC now owns 4,009 shares of the technology company’s stock valued at $5,009,000 after purchasing an additional 644 shares during the last quarter. Finally, Motley Fool Asset Management LLC grew its stake in Fair Isaac by 9.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 524 shares of the technology company’s stock worth $655,000 after buying an additional 44 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the sale, the director now directly owns 92 shares in the company, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,390 shares of company stock worth $21,901,887. Company insiders own 3.54% of the company’s stock.

Fair Isaac Stock Up 0.2 %

NYSE:FICO opened at $2,360.36 on Tuesday. The firm’s fifty day simple moving average is $2,064.93 and its 200 day simple moving average is $1,735.38. The stock has a market cap of $57.47 billion, a P/E ratio of 115.42, a price-to-earnings-growth ratio of 4.33 and a beta of 1.35. Fair Isaac Co. has a twelve month low of $1,067.36 and a twelve month high of $2,402.51.

Fair Isaac announced that its board has approved a share buyback program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Barclays raised their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC upped their price objective 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. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Four investment 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

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.