Tranquility Partners LLC Sells 5 Shares of Fair Isaac Co. (NYSE:FICO)

Tranquility Partners LLC cut its stake in Fair Isaac Co. (NYSE:FICO) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271 shares of the technology company’s stock after selling 5 shares during the quarter. Tranquility Partners LLC’s holdings in Fair Isaac were worth $527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quent Capital LLC boosted its position in shares of Fair Isaac by 11.4% during the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock valued at $292,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd grew its position in shares of Fair Isaac by 140.0% in the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock worth $46,000 after buying an additional 21 shares during the period. National Bank of Canada FI grew its position in shares of Fair Isaac by 91.8% in the 1st quarter. National Bank of Canada FI now owns 23,350 shares of the technology company’s stock worth $31,022,000 after buying an additional 11,178 shares during the period. American International Group Inc. increased its stake in shares of Fair Isaac by 7.7% in the 1st quarter. American International Group Inc. now owns 7,522 shares of the technology company’s stock worth $9,400,000 after acquiring an additional 539 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Fair Isaac during the 1st quarter valued at about $109,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

FICO opened at $2,269.07 on Tuesday. The company’s 50-day simple moving average is $2,017.11 and its two-hundred day simple moving average is $1,697.11. The stock has a market capitalization of $55.25 billion, a P/E ratio of 110.96, a P/E/G ratio of 4.16 and a beta of 1.35. Fair Isaac Co. has a 52-week low of $1,037.55 and a 52-week high of $2,402.51.

Fair Isaac announced that its Board of Directors has initiated a share repurchase plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FICO shares. Oppenheimer raised their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. UBS Group began coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Needham & Company LLC lifted their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price objective 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. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Insider Activity at Fair Isaac

In other news, EVP Thomas A. Bowers sold 2,680 shares of the 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 transaction, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This represents a 31.72 % decrease in their position. The sale 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 business’s stock in a transaction that occurred on 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 owns 92 shares of the company’s stock, 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. Insiders have sold a total of 6,890 shares of company stock worth $13,780,452 over the last quarter. Company insiders own 3.54% of the company’s stock.

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.