Axxcess Wealth Management LLC Raises Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Axxcess Wealth Management LLC increased its position in Fair Isaac Co. (NYSE:FICO) by 26.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 494 shares of the technology company’s stock after purchasing an additional 104 shares during the period. Axxcess Wealth Management LLC’s holdings in Fair Isaac were worth $960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quent Capital LLC grew its stake in shares of Fair Isaac by 11.4% in the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock worth $292,000 after acquiring an additional 24 shares during the last quarter. Meeder Advisory Services Inc. purchased a new stake in shares of Fair Isaac in the first quarter worth $206,000. US Bancorp DE grew its stake in shares of Fair Isaac by 2.0% in the first quarter. US Bancorp DE now owns 4,041 shares of the technology company’s stock worth $5,050,000 after acquiring an additional 80 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Fair Isaac by 3.6% in the first quarter. Bleakley Financial Group LLC now owns 1,524 shares of the technology company’s stock worth $1,904,000 after acquiring an additional 53 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Fair Isaac in the first quarter worth $547,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $2,348.10 on Wednesday. The stock has a market capitalization of $57.18 billion, a price-to-earnings ratio of 114.82, a PEG ratio of 4.32 and a beta of 1.35. The stock’s 50-day simple moving average is $1,973.38 and its two-hundred day simple moving average is $1,664.57. Fair Isaac Co. has a 52-week low of $991.04 and a 52-week high of $2,369.05.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FICO shares. Barclays increased their target price on 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. UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Wells Fargo & Company increased their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Oppenheimer increased their price objective on 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. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.