Victory Capital Management Inc. Sells 11,354 Shares of Fair Isaac Co. (NYSE:FICO)

Victory Capital Management Inc. lowered its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,141 shares of the technology company's stock after selling 11,354 shares during the period. Victory Capital Management Inc. owned 0.16% of Fair Isaac worth $76,071,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FICO. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac in the third quarter worth approximately $25,000. EntryPoint Capital LLC acquired a new stake in Fair Isaac during the 1st quarter valued at approximately $25,000. Tortoise Investment Management LLC increased its stake in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock worth $30,000 after buying an additional 9 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Fair Isaac in the 1st quarter worth about $26,000. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the second quarter valued at approximately $34,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Down 1.0 %

Shares of FICO traded down $23.03 during trading hours on Thursday, reaching $2,325.42. The company's stock had a trading volume of 82,911 shares, compared to its average volume of 170,515. The company has a 50 day moving average of $1,985.32 and a two-hundred day moving average of $1,669.35. Fair Isaac Co. has a 1-year low of $1,014.86 and a 1-year high of $2,402.51. The firm has a market cap of $56.62 billion, a price-to-earnings ratio of 114.84, a P/E/G ratio of 4.35 and a beta of 1.35.

Fair Isaac announced that its board has initiated a share buyback plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding 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 often a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FICO. Oppenheimer raised 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. Robert W. Baird increased their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price target 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. Needham & Company LLC lifted their price objective 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. Finally, The Goldman Sachs Group raised their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average price target of $1,964.92.

Insiders Place Their Bets

In related news, Director Henry Tayloe Stansbury sold 249 shares of the firm'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 transaction, the director now directly owns 92 shares of the company's stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the sale, the executive vice president now directly owns 5,769 shares of the company's stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,890 shares of company stock worth $13,780,452 in the last quarter. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac 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.