Pacer Advisors Inc. Has $7.82 Million Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Pacer Advisors Inc. reduced its stake in Fair Isaac Co. (NYSE:FICO) by 97.7% during the third quarter, Holdings Channel.com reports. The fund owned 4,021 shares of the technology company’s stock after selling 174,490 shares during the period. Pacer Advisors Inc.’s holdings in Fair Isaac were worth $7,815,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Fair Isaac in the 3rd quarter worth approximately $25,000. EntryPoint Capital LLC bought a new position in Fair Isaac during the first quarter worth $25,000. Tortoise Investment Management LLC boosted its position in Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Fair Isaac during the first quarter valued at $26,000. Finally, Meeder Asset Management Inc. grew its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the 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 sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 6,890 shares of company stock valued at $13,780,452 over the last 90 days. Insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

FICO has been the topic of several research analyst reports. The Goldman Sachs Group upped their target price 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. 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 research note on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Oppenheimer lifted their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Stock Performance

FICO stock opened at $2,355.35 on Friday. The company has a market capitalization of $57.35 billion, a P/E ratio of 115.18, a price-to-earnings-growth ratio of 4.30 and a beta of 1.35. Fair Isaac Co. has a 52-week low of $1,061.96 and a 52-week high of $2,402.51. The business has a 50-day simple moving average of $2,055.62 and a two-hundred day simple moving average of $1,724.47.

Fair Isaac declared that its board has authorized a share 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About Fair Isaac

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.