Fair Isaac Co. (NYSE:FICO) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its position in Fair Isaac Co. (NYSE:FICO) by 1,845.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,133 shares of the technology company’s stock after purchasing an additional 35,224 shares during the quarter. Mizuho Securities USA LLC owned about 0.15% of Fair Isaac worth $72,169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Fair Isaac during the 3rd quarter worth approximately $25,000. EntryPoint Capital LLC acquired a new position in Fair Isaac during the first quarter worth $25,000. Tortoise Investment Management LLC grew its holdings in 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 in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac in the 1st quarter worth $26,000. Finally, Family Firm Inc. purchased a new position in shares of Fair Isaac during the 2nd quarter worth $34,000. Hedge funds and other 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 dated Thursday, September 5th. The stock was 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 is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the transaction, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,890 shares of company stock worth $13,780,452. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

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

Fair Isaac declared that its board has approved a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding 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 typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on FICO. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. UBS Group started coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Wells Fargo & Company increased their price objective on 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. Oppenheimer upped their price target on 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. Finally, The Goldman Sachs Group raised their price objective 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.