Mutual of America Capital Management LLC Has $5.87 Million Position in Fair Isaac Co. (NYSE:FICO)

Mutual of America Capital Management LLC lessened its stake in Fair Isaac Co. (NYSE:FICO) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,019 shares of the technology company’s stock after selling 98 shares during the period. Mutual of America Capital Management LLC’s holdings in Fair Isaac were worth $5,867,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Heritage Family Offices LLP lifted 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 worth $498,000 after acquiring an additional 5 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Fair Isaac by 5.7% in 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 lifted its stake in Fair Isaac by 4.0% during the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after purchasing an additional 6 shares during the period. Covestor Ltd boosted its holdings in Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Fair Isaac by 1.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock valued at $651,000 after purchasing an additional 7 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.5 %

Fair Isaac stock opened at $2,284.43 on Wednesday. Fair Isaac Co. has a 12-month low of $1,037.55 and a 12-month high of $2,402.51. The stock has a market cap of $55.63 billion, a price-to-earnings ratio of 111.71, a P/E/G ratio of 4.16 and a beta of 1.35. The business’s 50-day simple moving average is $2,026.85 and its 200 day simple moving average is $1,704.79.

Fair Isaac declared that its Board of Directors has approved a stock buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,890 shares of company stock valued at $13,780,452 in the last 90 days. 3.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays raised their target price 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. Robert W. Baird lifted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Oppenheimer lifted their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price objective 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

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.