Nisa Investment Advisors LLC Purchases 3,651 Shares of Fair Isaac Co. (NYSE:FICO)

Nisa Investment Advisors LLC grew its position in Fair Isaac Co. (NYSE:FICO) by 143.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,200 shares of the technology company’s stock after purchasing an additional 3,651 shares during the period. Nisa Investment Advisors LLC’s holdings in Fair Isaac were worth $9,230,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FICO. EntryPoint Capital LLC bought a new stake in Fair Isaac during the first quarter worth about $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the first quarter valued at approximately $26,000. OFI Invest Asset Management bought a new stake in Fair Isaac in the first quarter valued at approximately $31,000. DSM Capital Partners LLC bought a new stake in Fair Isaac in the fourth quarter valued at approximately $37,000. Finally, Covestor Ltd raised its stake in Fair Isaac by 140.0% in the first quarter. Covestor Ltd now owns 36 shares of the technology company’s stock valued at $46,000 after buying an additional 21 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Needham & Company LLC upped their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Wolfe Research assumed coverage on Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Robert W. Baird upped their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada upped their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average price target of $1,515.82.

Fair Isaac Trading Up 0.1 %

NYSE:FICO traded up $2.00 during trading hours on Monday, hitting $1,753.70. 117,585 shares of the company were exchanged, compared to its average volume of 180,008. The stock has a market capitalization of $43.34 billion, a price-to-earnings ratio of 91.95, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a one year low of $811.99 and a one year high of $1,818.02. The company has a fifty day simple moving average of $1,554.62 and a 200 day simple moving average of $1,367.83.

Fair Isaac declared that its board has initiated a share repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Richard Deal sold 13,591 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the completion of the sale, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the sale, the director now owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,314 shares of company stock worth $38,618,138. Company insiders own 3.54% of the company’s stock.

Fair Isaac Company 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.