Jag Capital Management LLC Purchases 349 Shares of Fair Isaac Co. (NYSE:FICO)

Jag Capital Management LLC grew its holdings in Fair Isaac Co. (NYSE:FICO) by 3.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,423 shares of the technology company’s stock after buying an additional 349 shares during the quarter. Fair Isaac comprises approximately 2.2% of Jag Capital Management LLC’s holdings, making the stock its 19th largest holding. Jag Capital Management LLC’s holdings in Fair Isaac were worth $18,314,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Swedbank AB boosted its position in Fair Isaac by 11.5% during the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after acquiring an additional 1,013 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Fair Isaac by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after purchasing an additional 35,263 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new position in Fair Isaac in the second quarter valued at about $529,000. Finally, Entropy Technologies LP bought a new position in Fair Isaac in the first quarter worth about $547,000. Institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Robert W. Baird raised their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday. Barclays lifted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday. The Goldman Sachs Group increased their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and an average target price of $1,964.92.

Insiders Place Their Bets

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.54% of the stock is currently owned by insiders.

Fair Isaac Stock Up 7.2 %

Fair Isaac stock opened at $2,332.29 on Monday. The stock has a 50-day moving average price of $1,947.74 and a 200 day moving average price of $1,647.69. The company has a market capitalization of $56.79 billion, a price-to-earnings ratio of 114.05, a price-to-earnings-growth ratio of 4.32 and a beta of 1.35. Fair Isaac Co. has a 52 week low of $900.01 and a 52 week high of $2,351.98.

Fair Isaac announced that its board has approved a stock buyback program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is 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.