Frazier Financial Advisors LLC Sells 7 Shares of Fair Isaac Co. (NYSE:FICO)

Frazier Financial Advisors LLC decreased its holdings in Fair Isaac Co. (NYSE:FICO) by 33.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 14 shares of the technology company’s stock after selling 7 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Fair Isaac were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FICO. EntryPoint Capital LLC bought a new position in Fair Isaac in the 1st quarter valued at $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 position in Fair Isaac in the 1st quarter valued at $26,000. Tortoise Investment Management LLC raised its position in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the last quarter. Finally, Family Firm Inc. bought a new position in Fair Isaac in the 2nd quarter valued at $34,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 2.7 %

Shares of Fair Isaac stock opened at $2,261.00 on Friday. Fair Isaac Co. has a 12 month low of $1,021.06 and a 12 month high of $2,402.51. The business has a fifty day simple moving average of $2,007.25 and a 200 day simple moving average of $1,685.50. The stock has a market cap of $55.06 billion, a PE ratio of 110.56, a price-to-earnings-growth ratio of 4.16 and a beta of 1.35.

Fair Isaac declared that its board has authorized a stock repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FICO shares. 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. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC boosted their target price on 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. 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 MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

Insider Buying and Selling

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the business’s 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 completion of the transaction, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly 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. Insiders sold a total of 6,890 shares of company stock valued at $13,780,452 over the last three months. Company insiders own 3.54% of the company’s stock.

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.