Farther Finance Advisors LLC Decreases Stock Position in Fair Isaac Co. (NYSE:FICO)

Farther Finance Advisors LLC reduced its position in Fair Isaac Co. (NYSE:FICO) by 33.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 256 shares of the technology company’s stock after selling 131 shares during the period. Farther Finance Advisors LLC’s holdings in Fair Isaac were worth $497,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Heritage Family Offices LLP raised its holdings in Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after acquiring an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Fair Isaac by 5.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after buying an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its stake in Fair Isaac by 4.0% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after buying an additional 6 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Fair Isaac by 1.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock valued at $651,000 after buying an additional 7 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its stake in Fair Isaac by 2.5% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock valued at $491,000 after buying an additional 8 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group assumed coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada upped their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Barclays upped their price objective on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, Needham & Company LLC upped their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,787.08.

Fair Isaac Stock Up 3.7 %

FICO opened at $2,084.45 on Thursday. The firm has a 50-day simple moving average of $1,919.23 and a two-hundred day simple moving average of $1,626.15. Fair Isaac Co. has a 52 week low of $900.01 and a 52 week high of $2,103.70. The company has a market capitalization of $51.11 billion, a PE ratio of 105.61, a price-to-earnings-growth ratio of 3.68 and a beta of 1.35.

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

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $9,895,392.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $9,895,392.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,761 shares of company stock valued at $15,200,560 in the last 90 days. Insiders own 3.54% of the company’s stock.

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.