Fair Isaac Co. (NYSE:FICO) Position Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 143.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,200 shares of the technology company’s stock after purchasing an additional 3,651 shares during the period. Nisa Investment Advisors LLC’s holdings in Fair Isaac were worth $9,230,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Commerce Bank increased its holdings in shares of Fair Isaac by 704.8% during the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after purchasing an additional 5,328 shares during the period. Seven Eight Capital LP increased its holdings in shares of Fair Isaac by 140.0% during the fourth quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after purchasing an additional 840 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Fair Isaac by 44.5% during the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after purchasing an additional 9,094 shares during the period. Vanguard Group Inc. increased its holdings in shares of Fair Isaac by 1.3% during the first 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 period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Fair Isaac by 25.4% during the first 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. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.1 %

NYSE FICO traded up $2.00 during trading on Monday, hitting $1,753.70. The company’s stock had a trading volume of 117,585 shares, compared to its average volume of 180,008. The firm has a 50 day moving average price of $1,554.62 and a 200 day moving average price of $1,367.83. The firm has a market cap of $43.34 billion, a P/E ratio of 91.95, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $1,818.02.

Fair Isaac declared that its board has approved a share repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding 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 usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FICO. Robert W. Baird lifted their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Barclays lifted their price target on Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Needham & Company LLC lifted their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Raymond James lifted their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,515.82.

Insider Activity at Fair Isaac

In related news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark R. Scadina sold 423 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the completion of the transaction, the executive vice president now directly owns 32,229 shares in the company, valued at approximately $44,222,055.48. The disclosure for this sale can be found here. Insiders have sold a total of 25,314 shares of company stock valued at $38,618,138 in the last 90 days. 3.54% of the stock is owned by corporate insiders.

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.