CIBC Asset Management Inc Purchases 257 Shares of Fair Isaac Co. (NYSE:FICO)

CIBC Asset Management Inc grew its position in shares of Fair Isaac Co. (NYSE:FICO) by 7.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,589 shares of the technology company’s stock after acquiring an additional 257 shares during the quarter. CIBC Asset Management Inc’s holdings in Fair Isaac were worth $6,975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position 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 worth $1,076,268,000 after buying an additional 174,397 shares during the last quarter. International Assets Investment Management LLC lifted its position in Fair Isaac by 189,461.6% in the third 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 last quarter. Principal Financial Group Inc. lifted its position 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 worth $724,122,000 after buying an additional 1,977 shares during the last quarter. American Century Companies Inc. lifted its position in Fair Isaac by 6.7% in the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock worth $514,523,000 after buying an additional 21,768 shares during the last quarter. Finally, Capital International Investors lifted its position in Fair Isaac by 4.5% in the first quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock worth $226,687,000 after buying an additional 7,884 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

FICO opened at $2,261.00 on Monday. The business’s 50-day moving average is $2,007.25 and its two-hundred day moving average is $1,689.33. Fair Isaac Co. has a 1 year low of $1,021.06 and a 1 year high of $2,402.51. The firm has a market capitalization of $55.05 billion, a PE ratio of 110.56, a price-to-earnings-growth ratio of 4.16 and a beta of 1.35.

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

Insiders Place Their Bets

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $6,931,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,890 shares of company stock valued at $13,780,452. 3.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of analyst reports. UBS Group initiated coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Wells Fargo & Company raised their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays increased their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer increased their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.