Patton Fund Management Inc. Sells 414 Shares of Fair Isaac Co. (NYSE:FICO)

Patton Fund Management Inc. reduced its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,851 shares of the technology company’s stock after selling 414 shares during the period. Patton Fund Management Inc.’s holdings in Fair Isaac were worth $5,676,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. First National Bank of Omaha bought a new stake in Fair Isaac in the third quarter worth approximately $1,576,000. National Bank of Canada FI boosted its stake in Fair Isaac by 51.9% during the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock worth $38,514,000 after acquiring an additional 6,768 shares in the last quarter. Donoghue Forlines LLC acquired a new stake in Fair Isaac in the fourth quarter worth $1,935,000. Swedbank AB increased its stake in Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares in the last quarter. Finally, BNP Paribas acquired a new position in shares of Fair Isaac during the third quarter valued at about $445,000. 85.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the transaction, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at approximately $107,760,920.75. The trade was a 7.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,589 shares of company stock valued at $31,258,963 in the last 90 days. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Price Performance

FICO opened at $1,853.64 on Wednesday. Fair Isaac Co. has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51. The firm has a market capitalization of $45.13 billion, a P/E ratio of 90.64, a PEG ratio of 3.46 and a beta of 1.40. The company’s 50-day moving average is $2,098.69 and its 200 day moving average is $1,950.22.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FICO shares. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price for the company. Oppenheimer decreased their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group upped their target price on Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, Robert W. Baird upped their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $2,087.77.

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.