AF Advisors Inc. Sells 460 Shares of Fair Isaac Co. (NYSE:FICO)

AF Advisors Inc. reduced its stake in Fair Isaac Co. (NYSE:FICO) by 0.1% during the 3rd quarter, Holdings Channel reports. The firm owned 358,682 shares of the technology company’s stock after selling 460 shares during the period. Fair Isaac makes up 98.4% of AF Advisors Inc.’s holdings, making the stock its biggest holding. AF Advisors Inc.’s holdings in Fair Isaac were worth $697,106,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Fair Isaac by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Fair Isaac by 189,461.6% during the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after buying an additional 538,071 shares during the period. Principal Financial Group Inc. lifted its stake in Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after buying an additional 1,977 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Fair Isaac by 6.7% during the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock worth $514,523,000 after acquiring an additional 21,768 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Performance

Fair Isaac stock opened at $2,332.29 on Monday. The stock has a 50-day simple moving average of $1,947.74 and a 200 day simple moving average of $1,647.69. The stock has a market capitalization of $56.79 billion, a P/E ratio of 114.05, a PEG ratio of 4.32 and a beta of 1.35. Fair Isaac Co. has a 52 week low of $900.01 and a 52 week high of $2,351.98.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FICO shares. Wells Fargo & Company lifted their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group lifted 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 report on Thursday. Oppenheimer increased their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday. Finally, UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

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.