Motley Fool Asset Management LLC Has $655,000 Position in Fair Isaac Co. (NYSE:FICO)

Motley Fool Asset Management LLC boosted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 9.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 524 shares of the technology company’s stock after buying an additional 44 shares during the period. Motley Fool Asset Management LLC’s holdings in Fair Isaac were worth $655,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Fair Isaac during the first quarter worth $25,000. Advisors Asset Management Inc. acquired a new position in Fair Isaac during the first quarter worth $26,000. OFI Invest Asset Management acquired a new position in Fair Isaac during the first quarter worth $31,000. McGlone Suttner Wealth Management Inc. acquired a new position in Fair Isaac during the fourth quarter worth $35,000. Finally, DSM Capital Partners LLC bought a new stake in shares of Fair Isaac in the 4th quarter worth $37,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the transaction, the executive vice president now owns 49,314 shares in the company, valued at $67,772,230.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Fair Isaac news, Director Joanna Rees sold 500 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $1,350.00, for a total transaction of $675,000.00. Following the completion of the transaction, the director now owns 20,618 shares in the company, valued at $27,834,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the transaction, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,014 shares of company stock worth $21,888,518. 3.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FICO shares. Wolfe Research started coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price for the company. Raymond James upped their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research note on Tuesday, June 11th. Finally, Redburn Atlantic started coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,319.40.

Fair Isaac Stock Up 0.5 %

FICO traded up $8.19 during trading on Wednesday, hitting $1,596.69. 253,218 shares of the company traded hands, compared to its average volume of 180,336. The firm has a market cap of $39.45 billion, a P/E ratio of 83.82, a price-to-earnings-growth ratio of 4.28 and a beta of 1.34. The stock’s fifty day moving average is $1,468.62 and its 200 day moving average is $1,328.86. Fair Isaac Co. has a one year low of $810.26 and a one year high of $1,658.03.

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

Fair Isaac 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.