B. Metzler seel. Sohn & Co. Holding AG Invests $2.98 Million in Fair Isaac Co. (NYSE:FICO)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Fair Isaac Co. (NYSE:FICO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,534 shares of the technology company’s stock, valued at approximately $2,981,000.

A number of other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew 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 purchasing an additional 538,071 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Fair Isaac by 25.4% in 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 buying an additional 174,397 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings 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 worth $142,413,000 after buying an additional 67,931 shares in the last quarter. Westwind Capital raised its holdings in Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after acquiring an additional 62,710 shares in the last quarter. Finally, Spear Holdings RSC Ltd acquired a new stake in Fair Isaac in the first quarter valued at $69,478,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on FICO shares. The Goldman Sachs Group upped 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 note on Thursday, November 7th. UBS Group started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC increased 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,964.92.

Insider Buying and Selling

In other Fair Isaac 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 transaction of $6,931,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, 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. In the last ninety days, insiders sold 6,890 shares of company stock valued at $13,780,452. Company insiders own 3.54% of the company’s stock.

Fair Isaac Stock Up 1.1 %

Shares of FICO stock opened at $2,309.60 on Thursday. The firm has a market cap of $56.24 billion, a P/E ratio of 112.94, a PEG ratio of 4.16 and a beta of 1.35. The company has a 50 day moving average of $2,036.36 and a 200-day moving average of $1,709.02. Fair Isaac Co. has a 12-month low of $1,049.30 and a 12-month high of $2,402.51.

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.