Thrivent Financial for Lutherans increased its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,185 shares of the technology company's stock after purchasing an additional 214 shares during the quarter. Thrivent Financial for Lutherans' holdings in Fair Isaac were worth $8,134,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in FICO. EntryPoint Capital LLC acquired a new stake in Fair Isaac in the 1st quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in Fair Isaac in the 3rd quarter valued at $25,000. Advisors Asset Management Inc. bought a new stake in shares of Fair Isaac during the first quarter worth $26,000. Tortoise Investment Management LLC lifted its stake in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock valued at $30,000 after acquiring an additional 9 shares during the period. Finally, Family Firm Inc. acquired a new stake in Fair Isaac in the second quarter worth about $34,000. Institutional investors and hedge funds own 85.75% of the company's stock.
A number of brokerages recently commented on FICO. Barclays lifted their price objective 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. Oppenheimer raised their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Royal Bank of Canada reiterated a "sector perform" rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Finally, 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,964.92.
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FICO stock opened at $2,356.34 on Friday. The business's 50 day simple moving average is $2,055.62 and its 200 day simple moving average is $1,721.12. The firm has a market capitalization of $57.38 billion, a PE ratio of 115.22, a PEG ratio of 4.30 and a beta of 1.35. Fair Isaac Co. has a 1-year low of $1,061.96 and a 1-year high of $2,402.51.
Fair Isaac announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
In related news, EVP Thomas A. Bowers sold 2,680 shares of the company's stock in a transaction on 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 sale, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. This represents a 31.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joanna Rees sold 3,961 shares of the company's stock in a transaction 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 6,890 shares of company stock worth $13,780,452 in the last ninety days. 3.54% of the stock is owned by company insiders.
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.
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