KG&L Capital Management LLC Grows Stake in Fair Isaac Co. (NYSE:FICO)

KG&L Capital Management LLC increased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 44.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 250 shares of the technology company’s stock after acquiring an additional 77 shares during the period. KG&L Capital Management LLC’s holdings in Fair Isaac were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FICO. International Assets Investment Management LLC grew its position in shares of Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after purchasing an additional 538,071 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. AustralianSuper Pty Ltd grew its position in shares of Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after purchasing an additional 67,931 shares in the last quarter. Westwind Capital boosted its stake in Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after buying an additional 62,710 shares during the last quarter. Finally, Spear Holdings RSC Ltd bought a new position in Fair Isaac during the first quarter valued at approximately $69,478,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research reports. Royal Bank of Canada increased their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. UBS Group initiated coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Robert W. Baird increased their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Barclays increased their price target on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Finally, The Goldman Sachs Group increased their price target on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $1,787.08.

Insider Transactions at Fair Isaac

In other news, Director James Kirsner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director James Kirsner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by company insiders.

Fair Isaac Price Performance

NYSE:FICO opened at $1,988.91 on Monday. The firm has a market capitalization of $48.77 billion, a price-to-earnings ratio of 104.57, a PEG ratio of 3.69 and a beta of 1.35. Fair Isaac Co. has a 1 year low of $879.69 and a 1 year high of $2,103.70. The business has a 50 day simple moving average of $1,907.66 and a 200-day simple moving average of $1,610.91.

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

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.