Natixis Advisors LLC Buys 194 Shares of Fair Isaac Co. (NYSE:FICO)

Natixis Advisors LLC increased its stake in Fair Isaac Co. (NYSE:FICO) by 1.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,369 shares of the technology company’s stock after acquiring an additional 194 shares during the period. Natixis Advisors LLC’s holdings in Fair Isaac were worth $20,152,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Fair Isaac in the first quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in Fair Isaac in the third quarter worth about $25,000. Advisors Asset Management Inc. purchased a new stake in Fair Isaac in the first quarter worth about $26,000. Tortoise Investment Management LLC grew 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 worth $30,000 after purchasing an additional 9 shares during the period. Finally, Family Firm Inc. purchased a new stake in Fair Isaac in the second quarter worth about $34,000. 85.75% of the stock is owned by institutional investors.

Fair Isaac Trading Up 0.4 %

Shares of FICO stock opened at $2,269.07 on Tuesday. Fair Isaac Co. has a 12-month low of $1,037.55 and a 12-month high of $2,402.51. The firm’s 50 day moving average is $2,017.11 and its 200 day moving average is $1,697.11. The stock has a market capitalization of $55.25 billion, a P/E ratio of 110.96, a P/E/G ratio of 4.16 and a beta of 1.35.

Fair Isaac declared that its board has authorized a stock buyback 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 purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on 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 have sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FICO shares. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Wells Fargo & Company upped their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Oppenheimer increased their price target on shares of 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 increased their price target 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.