OneDigital Investment Advisors LLC Has $661,000 Position in Fair Isaac Co. (NYSE:FICO)

OneDigital Investment Advisors LLC cut its position in Fair Isaac Co. (NYSE:FICO) by 17.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 340 shares of the technology company’s stock after selling 73 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Fair Isaac were worth $661,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. ING Groep NV acquired a new stake in Fair Isaac during the 3rd quarter worth $1,559,000. KBC Group NV raised its position in shares of Fair Isaac by 1.8% during the third quarter. KBC Group NV now owns 8,519 shares of the technology company’s stock worth $16,557,000 after purchasing an additional 147 shares during the period. Huntington National Bank lifted its holdings in shares of Fair Isaac by 20.4% during the 3rd quarter. Huntington National Bank now owns 183 shares of the technology company’s stock valued at $356,000 after purchasing an additional 31 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of Fair Isaac by 6.1% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 397 shares of the technology company’s stock valued at $772,000 after purchasing an additional 23 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Fair Isaac by 0.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 56,109 shares of the technology company’s stock worth $109,049,000 after purchasing an additional 245 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Trading Up 0.5 %

Shares of FICO opened at $2,284.43 on Wednesday. The company has a market cap of $55.63 billion, a price-to-earnings ratio of 111.71, a PEG ratio of 4.16 and a beta of 1.35. The company’s fifty day simple moving average is $2,026.85 and its 200 day simple moving average is $1,704.79. Fair Isaac Co. has a 1-year low of $1,037.55 and a 1-year high of $2,402.51.

Fair Isaac declared that its board has authorized a stock 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 repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

FICO has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Oppenheimer increased their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC increased their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, UBS Group began coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,890 shares of company stock worth $13,780,452 in the last ninety days. 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.