Empowered Funds LLC Purchases 333 Shares of Fair Isaac Co. (NYSE:FICO)

Empowered Funds LLC grew its position in Fair Isaac Co. (NYSE:FICO) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,663 shares of the technology company’s stock after purchasing an additional 333 shares during the quarter. Empowered Funds LLC’s holdings in Fair Isaac were worth $11,006,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FICO. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the first quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac in the third quarter valued at $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac in the first quarter valued at $26,000. Tortoise Investment Management LLC lifted its stake in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares in the last quarter. Finally, Family Firm Inc. bought a new position in shares of Fair Isaac in the second quarter valued at $34,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Stock Performance

Shares of FICO traded down $37.04 during mid-day trading on Friday, reaching $2,286.13. The stock had a trading volume of 11,583 shares, compared to its average volume of 169,799. The business has a fifty day moving average of $1,996.69 and a 200 day moving average of $1,673.91. Fair Isaac Co. has a 12 month low of $1,021.06 and a 12 month high of $2,402.51. The firm has a market cap of $55.67 billion, a price-to-earnings ratio of 113.71, a PEG ratio of 4.50 and a beta of 1.35.

Fair Isaac declared that its board has approved a share buyback program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group assumed coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Oppenheimer raised their price objective on shares of 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 raised 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 report on Thursday, November 7th. Finally, Needham & Company LLC lifted their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,964.92.

Insider Buying and Selling

In related news, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction 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. This represents a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is owned by insiders.

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.