ASB Consultores LLC Takes $214,000 Position in Fair Isaac Co. (NYSE:FICO)

ASB Consultores LLC bought a new position in Fair Isaac Co. (NYSE:FICO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 110 shares of the technology company’s stock, valued at approximately $214,000.

A number of other hedge funds have also recently modified their holdings of FICO. Norden Group LLC purchased a new stake in shares of Fair Isaac in the first quarter worth about $472,000. Janney Montgomery Scott LLC boosted its stake in shares of Fair Isaac by 16.3% in the first quarter. Janney Montgomery Scott LLC now owns 6,630 shares of the technology company’s stock worth $8,285,000 after buying an additional 929 shares during the last quarter. Quent Capital LLC boosted its position in Fair Isaac by 11.4% during the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock worth $292,000 after purchasing an additional 24 shares in the last quarter. Jennison Associates LLC boosted its position in Fair Isaac by 162.8% during the first quarter. Jennison Associates LLC now owns 3,301 shares of the technology company’s stock worth $4,125,000 after purchasing an additional 2,045 shares in the last quarter. Finally, Commerce Bank boosted its position in Fair Isaac by 704.8% during the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock worth $7,603,000 after purchasing an additional 5,328 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

NYSE:FICO opened at $2,008.66 on Wednesday. Fair Isaac Co. has a one year low of $900.01 and a one year high of $2,103.70. The stock has a market cap of $49.25 billion, a PE ratio of 105.61, a P/E/G ratio of 3.68 and a beta of 1.35. The stock has a 50 day moving average price of $1,913.35 and a 200 day moving average price of $1,619.96.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wolfe Research assumed coverage on Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. The Goldman Sachs Group increased their price target on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. UBS Group assumed coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Royal Bank of Canada increased their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird raised their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,787.08.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the sale, the executive vice president now owns 19,919 shares of the company’s stock, valued at $34,144,751.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,261 shares of company stock valued at $21,200,190. 3.54% of the stock is currently owned by 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.