Janney Montgomery Scott LLC Sells 135 Shares of Fair Isaac Co. (NYSE:FICO)

Janney Montgomery Scott LLC cut its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,448 shares of the technology company’s stock after selling 135 shares during the period. Janney Montgomery Scott LLC’s holdings in Fair Isaac were worth $12,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of 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 valued at $1,046,304,000 after purchasing an additional 538,071 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Fair Isaac by 3.9% during the second quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after buying an additional 13,966 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Fair Isaac by 6.7% during 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 in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Thomas A. Bowers sold 3,000 shares of the 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 transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Thomas A. Bowers sold 3,000 shares of the business’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 completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the 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 value of $6,931,750.00. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock valued at $15,200,560 over the last ninety days. 3.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on FICO. UBS Group began coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Robert W. Baird raised their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised their price objective on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Needham & Company LLC upped their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,787.08.

Fair Isaac Trading Up 3.7 %

Shares of NYSE FICO opened at $2,084.45 on Thursday. Fair Isaac Co. has a 12 month low of $900.01 and a 12 month high of $2,103.70. The stock has a 50 day moving average of $1,919.23 and a 200-day moving average of $1,626.15. The company has a market capitalization of $51.11 billion, a P/E ratio of 109.59, a P/E/G ratio of 3.68 and a beta of 1.35.

Fair Isaac declared that its board has approved a stock buyback plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board 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.