Valley Wealth Managers Inc. Purchases 20 Shares of Fair Isaac Co. (NYSE:FICO)

Valley Wealth Managers Inc. boosted its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 6.5% in the 3rd quarter, Holdings Channel reports. The firm owned 329 shares of the technology company’s stock after buying an additional 20 shares during the period. Valley Wealth Managers Inc.’s holdings in Fair Isaac were worth $639,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. International Assets Investment Management LLC grew its holdings in shares of Fair Isaac by 189,461.6% during the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after purchasing an additional 538,071 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 worth $1,076,268,000 after buying an additional 174,397 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after buying an additional 67,931 shares in the last quarter. Westwind Capital lifted its stake in shares of Fair Isaac by 891.8% in the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after acquiring an additional 62,710 shares during the last quarter. Finally, Spear Holdings RSC Ltd bought a new position in shares of Fair Isaac in the 1st quarter valued at $69,478,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Trading Down 2.7 %

Shares of Fair Isaac stock opened at $2,261.00 on Friday. The business has a 50-day moving average price of $2,007.25 and a two-hundred day moving average price of $1,681.66. Fair Isaac Co. has a 1-year low of $1,021.06 and a 1-year high of $2,402.51. The company 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 stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated Thursday, September 5th. The stock was 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 at the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,890 shares of company stock valued at $13,780,452 over the last 90 days. Company insiders own 3.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird boosted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Barclays raised their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Oppenheimer boosted their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.