Fair Isaac Co. (NYSE:FICO) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 16.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,590 shares of the technology company’s stock after selling 319 shares during the quarter. Mizuho Securities USA LLC’s holdings in Fair Isaac were worth $3,090,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Family Offices LLP raised its holdings in shares of Fair Isaac by 2.0% during the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after buying an additional 5 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Fair Isaac by 5.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after purchasing an additional 6 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in shares of Fair Isaac by 4.0% in the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after purchasing an additional 6 shares during the period. Covestor Ltd increased its stake in Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after buying an additional 6 shares during the period. Finally, Meeder Asset Management Inc. lifted 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 worth $43,000 after buying an additional 6 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction on 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 transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold 6,890 shares of company stock valued at $13,780,452 over the last three months. Company insiders own 3.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FICO. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac 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 company an “overweight” rating in a research note on Thursday, November 7th. UBS Group started coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Stock Up 0.8 %

Shares of FICO stock opened at $2,356.34 on Friday. The company has a market cap of $57.37 billion, a P/E ratio of 115.22, a PEG ratio of 4.20 and a beta of 1.35. Fair Isaac Co. has a 52 week low of $1,061.96 and a 52 week high of $2,402.51. The business has a 50 day moving average of $2,055.62 and a two-hundred day moving average of $1,721.12.

Fair Isaac announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.