Ipswich Investment Management Co. Inc. Trims Stake in Fair Isaac Co. (NYSE:FICO)

Ipswich Investment Management Co. Inc. lowered its stake in Fair Isaac Co. (NYSE:FICO) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,215 shares of the technology company’s stock after selling 100 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Fair Isaac were worth $2,361,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac during the 1st quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the third quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac during the first quarter worth approximately $26,000. Tortoise Investment Management LLC grew its position 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 buying an additional 9 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FICO shares. The Goldman Sachs Group lifted their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC lifted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of 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. 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 objective for the company. Finally, Robert W. Baird boosted their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction dated 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 sale, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. 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. 3.54% of the stock is owned by insiders.

Fair Isaac Trading Down 2.7 %

Shares of FICO opened at $2,261.00 on Friday. The company has a 50-day moving average of $2,007.25 and a two-hundred day moving average of $1,681.66. Fair Isaac Co. has a 12-month low of $1,021.06 and a 12-month high of $2,402.51. The stock has a market cap of $55.06 billion, a P/E ratio of 110.56, a PEG ratio of 4.50 and a beta of 1.35.

Fair Isaac announced that its Board of Directors has approved a share buyback plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are 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.