Sumitomo Mitsui Trust Group Inc. Purchases 245 Shares of Fair Isaac Co. (NYSE:FICO)

Sumitomo Mitsui Trust Group Inc. lifted its position in Fair Isaac Co. (NYSE:FICO) by 0.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,109 shares of the technology company’s stock after buying an additional 245 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Fair Isaac were worth $109,049,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in Fair Isaac in the 1st quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in Fair Isaac in the 3rd quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac in the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC lifted its holdings in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in Fair Isaac in the 2nd quarter worth approximately $34,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.0 %

Shares of NYSE FICO opened at $2,348.45 on Thursday. The business has a fifty day simple moving average of $1,985.32 and a 200 day simple moving average of $1,669.35. The firm has a market capitalization of $57.18 billion, a price-to-earnings ratio of 114.84, a PEG ratio of 4.35 and a beta of 1.35. Fair Isaac Co. has a one year low of $1,006.71 and a one year high of $2,402.51.

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

Analyst Upgrades and Downgrades

FICO has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays upped their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Oppenheimer upped their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fair Isaac news, 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 value of $6,266,402.80. Following the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is owned by corporate insiders.

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.