Covestor Ltd Has $52,000 Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Covestor Ltd boosted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 30.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26 shares of the technology company’s stock after buying an additional 6 shares during the period. Covestor Ltd’s holdings in Fair Isaac were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac in the first quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the 3rd quarter valued at approximately $25,000. Advisors Asset Management Inc. purchased a new position in Fair Isaac in the first quarter valued at about $26,000. Tortoise Investment Management LLC increased its position in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter worth about $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $2,325.42 on Friday. The firm has a fifty day moving average price of $1,996.69 and a two-hundred day moving average price of $1,673.91. Fair Isaac Co. has a fifty-two week low of $1,014.86 and a fifty-two week high of $2,402.51. The company has a market cap of $56.62 billion, a PE ratio of 113.71, a price-to-earnings-growth ratio of 4.35 and a beta of 1.35.

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

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. The trade was a 31.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm’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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,890 shares of company stock valued at $13,780,452 over the last three months. 3.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. 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 note on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. UBS Group initiated 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 objective for the company. Robert W. Baird increased 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. Finally, Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,964.92.

Fair Isaac 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.