Larson Financial Group LLC Takes $439,000 Position in Fair Isaac Co. (NYSE:FICO)

Larson Financial Group LLC bought a new position in Fair Isaac Co. (NYSE:FICO) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 226 shares of the technology company’s stock, valued at approximately $439,000.

Several other hedge funds have also added to or reduced their stakes in FICO. Quent Capital LLC increased its stake in Fair Isaac by 11.4% in the 1st quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock worth $292,000 after purchasing an additional 24 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Fair Isaac in the first quarter worth $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac during the 1st quarter valued at $26,000. Janus Henderson Group PLC boosted its position in Fair Isaac by 19.1% during the 1st quarter. Janus Henderson Group PLC now owns 4,009 shares of the technology company’s stock valued at $5,009,000 after buying an additional 644 shares during the period. Finally, LRI Investments LLC bought a new stake in Fair Isaac in the 1st quarter worth $224,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $2,381.76 on Wednesday. Fair Isaac Co. has a 1 year low of $1,067.36 and a 1 year high of $2,402.51. The firm has a 50-day moving average of $2,064.93 and a 200 day moving average of $1,735.38. The stock has a market cap of $57.99 billion, a P/E ratio of 116.47, a price-to-earnings-growth ratio of 4.33 and a beta of 1.35.

Fair Isaac declared that its board has initiated a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In related news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the sale, the executive vice president now directly owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This represents a 6.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated Thursday, September 5th. The stock was 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 10,390 shares of company stock valued at $21,901,887. Corporate insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Robert W. Baird increased their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Needham & Company LLC boosted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Finally, Oppenheimer boosted their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus 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.