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

Patton Fund Management Inc. cut its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,851 shares of the technology company's stock after selling 414 shares during the quarter. Patton Fund Management Inc.'s holdings in Fair Isaac were worth $5,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock valued at $1,046,304,000 after acquiring an additional 538,071 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in Fair Isaac by 1,270.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company's stock valued at $142,413,000 after acquiring an additional 67,931 shares during the last quarter. FMR LLC grew its stake in Fair Isaac by 46.1% in the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company's stock valued at $402,358,000 after acquiring an additional 65,297 shares during the last quarter. Jennison Associates LLC grew its stake in Fair Isaac by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company's stock valued at $468,677,000 after acquiring an additional 62,653 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of Fair Isaac by 1,845.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 37,133 shares of the technology company's stock worth $72,169,000 after purchasing an additional 35,224 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In other news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the sale, the director now owns 242 shares in the company, valued at $520,921.94. This represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,589 shares of company stock worth $31,258,963. Company insiders own 3.54% of the company's stock.

Fair Isaac Price Performance

NYSE FICO traded up $11.39 during mid-day trading on Wednesday, hitting $1,862.49. The company's stock had a trading volume of 179,131 shares, compared to its average volume of 228,790. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The stock's fifty day simple moving average is $2,098.69 and its two-hundred day simple moving average is $1,950.22. The firm has a market capitalization of $45.35 billion, a P/E ratio of 91.08, a price-to-earnings-growth ratio of 3.46 and a beta of 1.40.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FICO. Jefferies Financial Group raised their price target on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Needham & Company LLC raised their price target 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. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research note on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price target on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, Robert W. Baird raised their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average target price of $2,087.77.

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.