XXEC Inc. Sells 8 Shares of Fair Isaac Co. (NYSE:FICO)

XXEC Inc. cut its position in Fair Isaac Co. (NYSE:FICO) by 0.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,856 shares of the technology company’s stock after selling 8 shares during the period. Fair Isaac makes up 5.7% of XXEC Inc.’s portfolio, making the stock its 6th biggest holding. XXEC Inc.’s holdings in Fair Isaac were worth $7,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in Fair Isaac during the 1st quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in shares of Fair Isaac in the third quarter worth $25,000. Advisors Asset Management Inc. purchased a new stake in shares of Fair Isaac during the first quarter worth $26,000. Tortoise Investment Management LLC raised its stake in shares of 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 acquiring 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 $34,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

NYSE FICO opened at $2,352.84 on Tuesday. The company has a fifty day moving average of $1,960.19 and a two-hundred day moving average of $1,655.85. The company has a market capitalization of $57.29 billion, a PE ratio of 115.05, a P/E/G ratio of 4.32 and a beta of 1.35. Fair Isaac Co. has a 1 year low of $991.04 and a 1 year high of $2,359.77.

Fair Isaac declared that its board has initiated a share buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

FICO has been the topic of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Needham & Company LLC upped their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays lifted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer increased 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. Finally, The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,964.92.

About Fair Isaac

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.