Fair Isaac Co. (NYSE:FICO) Position Reduced by Brown Capital Management LLC

Brown Capital Management LLC reduced its position in Fair Isaac Co. (NYSE:FICO - Free Report) by 64.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 538 shares of the technology company's stock after selling 973 shares during the period. Brown Capital Management LLC's holdings in Fair Isaac were worth $1,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quent Capital LLC raised its stake in shares of Fair Isaac by 11.4% during the 1st quarter. Quent Capital LLC now owns 234 shares of the technology company's stock worth $292,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd increased its stake in shares of Fair Isaac by 140.0% in the first quarter. Covestor Ltd now owns 36 shares of the technology company's stock worth $46,000 after acquiring an additional 21 shares during the period. American International Group Inc. raised its holdings in shares of Fair Isaac by 7.7% during the first quarter. American International Group Inc. now owns 7,522 shares of the technology company's stock worth $9,400,000 after purchasing an additional 539 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Fair Isaac in the first quarter worth about $109,000. Finally, Natixis purchased a new position in shares of Fair Isaac during the 1st quarter valued at approximately $1,939,000. 85.75% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Joanna Rees sold 3,961 shares of the firm's stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the company's 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 value of $582,298.95. Following the completion of the transaction, the director now owns 92 shares of the company's stock, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,890 shares of company stock worth $13,780,452 over the last three months. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Trading Up 1.2 %

Shares of FICO traded up $28.23 during trading hours on Thursday, reaching $2,337.83. The company had a trading volume of 94,858 shares, compared to its average volume of 169,447. The firm has a 50 day simple moving average of $2,045.87 and a 200-day simple moving average of $1,713.39. The company has a market capitalization of $56.93 billion, a price-to-earnings ratio of 114.32, a PEG ratio of 4.20 and a beta of 1.35. Fair Isaac Co. has a 12-month low of $1,057.69 and a 12-month high of $2,402.51.

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. UBS Group began coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price target on the stock. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus target price of $1,964.92.

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.