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

Patton Fund Management Inc. reduced its position in Fair Isaac Co. (NYSE:FICO) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The fund 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 filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac in the third quarter valued at approximately $25,000. True Wealth Design LLC raised its stake in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after acquiring an additional 18 shares during the period. Berbice Capital Management LLC acquired a new stake in Fair Isaac during the 4th quarter valued at $40,000. Meeder Asset Management Inc. boosted its position in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after purchasing an additional 20 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FICO has been the subject of several research analyst reports. Barclays lifted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group boosted their price target on Fair Isaac from $2,250.00 to $2,275.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. started coverage on Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,087.77.

Fair Isaac Stock Up 0.6 %

FICO opened at $1,853.64 on Wednesday. The stock has a market capitalization of $45.13 billion, a price-to-earnings ratio of 90.64, a P/E/G ratio of 3.46 and a beta of 1.40. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The company has a 50-day simple moving average of $2,098.69 and a 200 day simple moving average of $1,950.22.

Insider Activity

In other news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the transaction, the chief financial officer now owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac 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 transaction of $582,298.95. Following the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,589 shares of company stock worth $31,258,963. 3.54% of the stock is currently owned by corporate insiders.

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.