Fair Isaac Co. (NYSE:FICO) Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. lessened its position in Fair Isaac Co. (NYSE:FICO) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,265 shares of the technology company’s stock after selling 189 shares during the period. Fair Isaac makes up 1.3% of Patton Fund Management Inc.’s portfolio, making the stock its 20th biggest position. Patton Fund Management Inc.’s holdings in Fair Isaac were worth $6,346,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Commerce Bank increased its stake in shares of Fair Isaac by 704.8% during the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after acquiring an additional 5,328 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Fair Isaac by 44.5% in the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after buying an additional 9,094 shares in the last quarter. Vanguard Group Inc. boosted its stake in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after buying an additional 35,263 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 worth $1,076,268,000 after acquiring an additional 174,397 shares during the period. Finally, Great Valley Advisor Group Inc. bought a new stake in Fair Isaac in the second quarter worth about $529,000. 85.75% of the stock is currently owned by institutional investors.

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $9,895,392.63. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the firm’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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,261 shares of company stock valued at $26,291,370. Insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE FICO traded down $24.60 during mid-day trading on Thursday, reaching $2,027.18. The company had a trading volume of 36,313 shares, compared to its average volume of 170,255. The company has a market capitalization of $50.09 billion, a price-to-earnings ratio of 107.70, a PEG ratio of 3.78 and a beta of 1.35. The stock has a fifty day moving average of $1,846.82 and a two-hundred day moving average of $1,544.28. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $2,103.70.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The company had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Sell-side analysts forecast that Fair Isaac Co. will post 19.33 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has authorized a share buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FICO. UBS Group assumed 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. Oppenheimer lifted their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their price objective on Fair Isaac from $2,100.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Robert W. Baird upped their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price target on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,787.08.

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.