CWA Asset Management Group LLC Invests $245,000 in Fair Isaac Co. (NYSE:FICO)

CWA Asset Management Group LLC acquired a new position in shares of Fair Isaac Co. (NYSE:FICO) in the 3rd quarter, Holdings Channel reports. The fund acquired 126 shares of the technology company’s stock, valued at approximately $245,000.

A number of other institutional investors have also modified their holdings of the business. Heritage Family Offices LLP increased its holdings in shares of Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after acquiring an additional 5 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after acquiring an additional 6 shares during the period. Moss Adams Wealth Advisors LLC increased its holdings in shares of Fair Isaac by 4.0% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after acquiring an additional 6 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Fair Isaac by 1.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock valued at $651,000 after acquiring an additional 7 shares during the period. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in shares of Fair Isaac by 2.5% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock valued at $491,000 after acquiring an additional 8 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group initiated coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,964.92.

Fair Isaac Stock Down 0.1 %

Fair Isaac stock opened at $2,348.10 on Wednesday. Fair Isaac Co. has a 52 week low of $991.04 and a 52 week high of $2,369.05. The firm’s 50-day simple moving average is $1,973.38 and its 200 day simple moving average is $1,664.57. The firm has a market capitalization of $57.18 billion, a PE ratio of 114.82, a P/E/G ratio of 4.32 and a beta of 1.35.

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

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were 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 through this link. Insiders own 3.54% of the company’s stock.

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.