Kentucky Retirement Systems Insurance Trust Fund Sells 71 Shares of Fair Isaac Co. (NYSE:FICO)

Kentucky Retirement Systems Insurance Trust Fund cut its position in shares of Fair Isaac Co. (NYSE:FICO) by 8.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 726 shares of the technology company’s stock after selling 71 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Fair Isaac were worth $1,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FICO. Heritage Family Offices LLP boosted its holdings in Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after purchasing an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after buying an additional 6 shares in the last quarter. Moss Adams Wealth Advisors LLC raised 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 acquiring an additional 6 shares in the last quarter. Covestor Ltd raised its stake in Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after acquiring an additional 6 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted 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 in the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Trading Down 2.7 %

Shares of NYSE FICO opened at $2,261.00 on Friday. Fair Isaac Co. has a 1 year low of $1,021.06 and a 1 year high of $2,402.51. The firm’s 50-day moving average is $2,007.25 and its 200-day moving average is $1,685.50. The firm has a market capitalization of $55.06 billion, a PE ratio of 110.56, a price-to-earnings-growth ratio of 4.50 and a beta of 1.35.

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

Insider Buying and Selling at Fair Isaac

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 value of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This represents a 31.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the transaction, the director now owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,890 shares of company stock valued at $13,780,452. 3.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FICO has been the subject of a number of recent analyst reports. Needham & Company LLC increased 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 report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Barclays boosted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Oppenheimer raised their price target on 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, Robert W. Baird boosted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company 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.