Ipswich Investment Management Co. Inc. Cuts Stake in Fair Isaac Co. (NYSE:FICO)

Ipswich Investment Management Co. Inc. cut its stake in Fair Isaac Co. (NYSE:FICO) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,215 shares of the technology company’s stock after selling 100 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Fair Isaac were worth $2,361,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the 3rd quarter worth $25,000. EntryPoint Capital LLC acquired a new stake in shares of Fair Isaac during the first quarter valued at about $25,000. Tortoise Investment Management LLC increased its position in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac in the first quarter worth about $26,000. Finally, Family Firm Inc. acquired a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $34,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fair Isaac

In related 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 transaction of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the company’s 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 completion of the sale, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,890 shares of company stock valued at $13,780,452. Company insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FICO shares. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price for the company. Needham & Company LLC boosted their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective on 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, Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,964.92.

Fair Isaac Stock Performance

Shares of FICO opened at $2,261.00 on Friday. The firm has a market capitalization of $55.06 billion, a price-to-earnings ratio of 110.56, a price-to-earnings-growth ratio of 4.50 and a beta of 1.35. The stock’s fifty day moving average is $2,007.25 and its 200-day moving average is $1,681.66. Fair Isaac Co. has a one year low of $1,021.06 and a one year high of $2,402.51.

Fair Isaac announced 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 purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.