Banque Cantonale Vaudoise Sells 428 Shares of Fair Isaac Co. (NYSE:FICO)

Banque Cantonale Vaudoise lowered its position in Fair Isaac Co. (NYSE:FICO) by 78.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120 shares of the technology company’s stock after selling 428 shares during the period. Banque Cantonale Vaudoise’s holdings in Fair Isaac were worth $233,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the first quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new stake in Fair Isaac during the 3rd quarter worth $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac during the 1st quarter worth $26,000. Tortoise Investment Management LLC grew its holdings in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares during the period. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the 2nd quarter worth $34,000. Institutional investors own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the 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 is available at this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now owns 92 shares in the company, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,890 shares of company stock worth $13,780,452. Insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

Shares of FICO opened at $2,356.34 on Friday. Fair Isaac Co. has a 52 week low of $1,061.96 and a 52 week high of $2,402.51. The firm has a market cap of $57.37 billion, a P/E ratio of 115.22, a price-to-earnings-growth ratio of 4.20 and a beta of 1.35. The firm’s 50-day simple moving average is $2,055.62 and its 200 day simple moving average is $1,721.12.

Fair Isaac announced that its Board of Directors has authorized a share buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have commented on FICO shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report 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 report on Thursday, November 7th. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

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.