Los Angeles Capital Management LLC Reduces Position in Fair Isaac Co. (NYSE:FICO)

Los Angeles Capital Management LLC lowered its stake in Fair Isaac Co. (NYSE:FICO) by 30.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318 shares of the technology company’s stock after selling 142 shares during the period. Los Angeles Capital Management LLC’s holdings in Fair Isaac were worth $618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Fair Isaac in the 3rd quarter worth $25,000. EntryPoint Capital LLC acquired a new position in shares of Fair Isaac in the first quarter valued at about $25,000. Tortoise Investment Management LLC lifted its holdings in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the period. Advisors Asset Management Inc. purchased a new stake in Fair Isaac in the first quarter valued at approximately $26,000. Finally, Family Firm Inc. acquired a new position in Fair Isaac in the 2nd quarter worth approximately $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on FICO. UBS Group began 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. Robert W. Baird lifted their price objective 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. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Insiders Place Their Bets

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,890 shares of company stock worth $13,780,452. Company insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $2,261.00 on Friday. The stock has a 50 day simple moving average of $2,007.25 and a 200-day simple moving average of $1,685.50. Fair Isaac Co. has a 1-year low of $1,021.06 and a 1-year high of $2,402.51. The company has a market cap of $55.06 billion, a price-to-earnings ratio of 110.56, a PEG ratio of 4.50 and a beta of 1.35.

Fair Isaac declared that its board has authorized a share repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.