Fair Isaac Co. (NYSE:FICO) Shares Sold by RMR Capital Management LLC

RMR Capital Management LLC decreased its holdings in Fair Isaac Co. (NYSE:FICO) by 33.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 382 shares of the technology company’s stock after selling 189 shares during the quarter. RMR Capital Management LLC’s holdings in Fair Isaac were worth $742,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in Fair Isaac in the first quarter worth about $25,000. Capital Performance Advisors LLP bought a new position in Fair Isaac during the third quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new position in Fair Isaac during the first quarter worth $26,000. Tortoise Investment Management LLC raised its position in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. Finally, Family Firm Inc. bought a new stake in Fair Isaac during the second quarter valued at about $34,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred on 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 can be accessed through this link. Insiders own 3.54% of the company’s stock.

Fair Isaac Trading Down 0.5 %

FICO stock traded down $11.08 during midday trading on Tuesday, hitting $2,338.92. The company had a trading volume of 24,343 shares, compared to its average volume of 170,513. Fair Isaac Co. has a 52 week low of $991.04 and a 52 week high of $2,369.05. The stock has a market cap of $56.95 billion, a price-to-earnings ratio of 115.05, a PEG ratio of 4.32 and a beta of 1.35. The stock’s 50 day moving average price is $1,960.19 and its 200 day moving average price is $1,655.85.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on FICO. 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 report on Thursday, November 7th. Needham & Company LLC increased their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group started coverage on shares of 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. 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.