GenTrust LLC Buys New Stake in Fair Isaac Co. (NYSE:FICO)

GenTrust LLC purchased a new stake in shares of Fair Isaac Co. (NYSE:FICO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 194 shares of the technology company’s stock, valued at approximately $377,000.

Several other institutional investors have also bought and sold shares of FICO. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac in the 3rd quarter valued at about $25,000. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac in the 1st quarter valued at approximately $25,000. Tortoise Investment Management LLC lifted its stake in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Fair Isaac in the 1st quarter worth approximately $26,000. Finally, Meeder Asset Management Inc. raised its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

NYSE:FICO opened at $2,356.34 on Friday. The firm has a market cap of $57.38 billion, a PE ratio of 115.22, a price-to-earnings-growth ratio of 4.30 and a beta of 1.35. The company has a 50-day moving average of $2,055.62 and a 200 day moving average of $1,721.12. Fair Isaac Co. has a 1-year low of $1,061.96 and a 1-year high of $2,402.51.

Fair Isaac announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,890 shares of company stock valued at $13,780,452. Company insiders own 3.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FICO. UBS Group assumed coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Needham & Company LLC upped their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Oppenheimer raised their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Robert W. Baird upped their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.