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

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

Several other institutional investors and hedge funds have also made changes to their positions in FICO. Heritage Family Offices LLP lifted its holdings in 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 purchasing an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in 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 worth $216,000 after acquiring an additional 6 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Fair Isaac by 1.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock worth $651,000 after purchasing an additional 7 shares during the period. Bradley Foster & Sargent Inc. CT lifted its position in Fair Isaac by 2.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock worth $491,000 after buying an additional 8 shares during the period. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of Fair Isaac by 1.7% during the 3rd quarter. Alpha Cubed Investments LLC now owns 467 shares of the technology company’s stock worth $908,000 after acquiring an additional 8 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Down 1.2 %

NYSE:FICO traded down $24.60 during trading hours on Thursday, hitting $2,027.18. The stock had a trading volume of 36,313 shares, compared to its average volume of 170,255. The business has a 50 day simple moving average of $1,846.82 and a two-hundred day simple moving average of $1,544.28. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $2,103.70. The company has a market cap of $50.09 billion, a PE ratio of 107.70, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35.

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

Fair Isaac declared that its board has approved a stock buyback plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase 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 stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer upped their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. UBS Group started coverage on 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. Finally, The Goldman Sachs Group boosted their target price on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,787.08.

Insider Buying and Selling

In other news, Director Joanna Rees sold 3,961 shares of the 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 transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on 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 have sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by corporate insiders.

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.