Banco Santander S.A. Takes Position in Fair Isaac Co. (NYSE:FICO)

Banco Santander S.A. acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 737 shares of the technology company’s stock, valued at approximately $1,432,000.

Several other institutional investors have also recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP purchased a new position in shares of Fair Isaac during the 3rd quarter worth $25,000. EntryPoint Capital LLC purchased a new position in Fair Isaac during the first quarter worth about $25,000. Tortoise Investment Management LLC lifted its position in 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 buying an additional 9 shares during the period. Advisors Asset Management Inc. acquired a new stake in Fair Isaac in the 1st quarter worth about $26,000. Finally, Meeder Asset Management Inc. grew its holdings in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was 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 position. 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. Insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $2,356.34 on Friday. Fair Isaac Co. has a 1-year low of $1,061.96 and a 1-year high of $2,402.51. The company has a market capitalization of $57.37 billion, a PE ratio of 115.22, a P/E/G ratio of 4.20 and a beta of 1.35. The business has a 50-day moving average of $2,055.62 and a 200-day moving average of $1,721.12.

Fair Isaac announced that its Board of Directors has authorized a share buyback 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 a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

FICO has been the topic of several research analyst reports. Robert W. Baird raised their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer boosted their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Needham & Company LLC lifted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, 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 price objective on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus price target of $1,964.92.

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.