ING Groep NV Buys New Position in Fair Isaac Co. (NYSE:FICO)

ING Groep NV purchased a new stake in Fair Isaac Co. (NYSE:FICO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 802 shares of the technology company’s stock, valued at approximately $1,559,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FICO. International Assets Investment Management LLC raised its stake 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 worth $1,046,304,000 after purchasing an additional 538,071 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in shares of Fair Isaac by 1,270.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after purchasing an additional 67,931 shares in the last quarter. Westwind Capital raised its stake in shares of Fair Isaac by 891.8% during the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after purchasing an additional 62,710 shares in the last quarter. Finally, Spear Holdings RSC Ltd bought a new stake in shares of Fair Isaac during the 1st quarter worth approximately $69,478,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $2,261.00 on Monday. The stock’s fifty day moving average price is $2,007.25 and its two-hundred day moving average price is $1,689.33. The firm has a market cap of $55.05 billion, a price-to-earnings ratio of 110.56, a P/E/G ratio of 4.16 and a beta of 1.35. Fair Isaac Co. has a one year low of $1,021.06 and a one year high of $2,402.51.

Fair Isaac announced that its Board of Directors has authorized a stock repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FICO shares. The Goldman Sachs Group upped their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays boosted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC boosted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.