Fair Isaac Co. (NYSE:FICO) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in Fair Isaac Co. (NYSE:FICO) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,185 shares of the technology company’s stock after purchasing an additional 214 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fair Isaac were worth $8,134,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in shares of Fair Isaac in the 1st quarter worth $25,000. Capital Performance Advisors LLP purchased a new position in shares of Fair Isaac in the 3rd quarter worth about $25,000. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac in the 1st quarter valued at about $26,000. Tortoise Investment Management LLC grew its holdings in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the period. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the 2nd quarter worth approximately $34,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 0.8 %

Shares of NYSE:FICO opened at $2,356.34 on Friday. Fair Isaac Co. has a 12-month low of $1,061.96 and a 12-month high of $2,402.51. The firm has a market cap of $57.37 billion, a PE ratio of 115.22, a price-to-earnings-growth ratio of 4.20 and a beta of 1.35. The company has a fifty day simple moving average of $2,055.62 and a 200 day simple moving average of $1,721.12.

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

Insider Transactions at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 directly owns 5,769 shares in the company, 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 90 days, insiders sold 6,890 shares of company stock valued at $13,780,452. Insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

FICO has been the topic of a number of recent research reports. Oppenheimer lifted their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group upped their price target on shares of 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. Robert W. Baird raised their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price 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. Finally, Needham & Company LLC raised their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.