Daiwa Securities Group Inc. Raises Holdings in Fair Isaac Co. (NYSE:FICO)

Daiwa Securities Group Inc. increased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 99.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,569 shares of the technology company’s stock after acquiring an additional 2,776 shares during the period. Daiwa Securities Group Inc.’s holdings in Fair Isaac were worth $10,824,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in shares of Fair Isaac in the 1st quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new position in Fair Isaac in the third quarter valued at about $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac during the 1st quarter valued at approximately $26,000. Tortoise Investment Management LLC boosted its stake in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Fair Isaac in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insiders Place Their Bets

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now owns 92 shares of the company’s stock, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 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 approximately $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,890 shares of company stock valued at $13,780,452. Insiders own 3.54% of the company’s stock.

Fair Isaac Stock Up 0.7 %

FICO stock opened at $2,355.35 on Monday. The stock has a market capitalization of $57.35 billion, a price-to-earnings ratio of 115.18, a price-to-earnings-growth ratio of 4.33 and a beta of 1.35. Fair Isaac Co. has a 52-week low of $1,061.96 and a 52-week high of $2,402.51. The stock’s fifty day simple moving average is $2,055.62 and its 200-day simple moving average is $1,727.82.

Fair Isaac announced that its board has initiated a share 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 buy up to 2.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

FICO has been the topic of a number of research analyst reports. Oppenheimer boosted their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. UBS Group started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Robert W. Baird raised their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Barclays raised their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.