Fair Isaac Co. (NYSE:FICO) Shares Sold by Commerce Bank

Commerce Bank lowered its position in shares of Fair Isaac Co. (NYSE:FICO) by 9.4% in the third quarter, HoldingsChannel.com reports. The firm owned 5,086 shares of the technology company’s stock after selling 526 shares during the quarter. Commerce Bank’s holdings in Fair Isaac were worth $9,885,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FICO. EntryPoint Capital LLC purchased a new stake in Fair Isaac during the 1st quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in Fair Isaac during the third quarter worth approximately $25,000. Advisors Asset Management Inc. purchased a new stake in Fair Isaac during the first quarter worth approximately $26,000. Tortoise Investment Management LLC boosted its holdings in 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 purchasing an additional 9 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in Fair Isaac in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FICO. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays upped their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted 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 upped their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group initiated coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Insider Transactions at Fair Isaac

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were 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. In the last three months, insiders sold 6,890 shares of company stock valued at $13,780,452. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Stock Up 1.1 %

NYSE FICO opened at $2,309.60 on Thursday. Fair Isaac Co. has a 52-week low of $1,049.30 and a 52-week high of $2,402.51. The firm has a 50-day moving average price of $2,036.36 and a 200 day moving average price of $1,709.02. The stock has a market capitalization of $56.24 billion, a P/E ratio of 112.94, a P/E/G ratio of 4.16 and a beta of 1.35.

Fair Isaac announced that its board has approved a stock repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.