Brown Advisory Inc. Cuts Stock Position in Fair Isaac Co. (NYSE:FICO)

Brown Advisory Inc. trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 33.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,157 shares of the technology company's stock after selling 3,104 shares during the period. Brown Advisory Inc.'s holdings in Fair Isaac were worth $12,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FICO. Rakuten Securities Inc. increased its stake in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac in the fourth quarter worth about $26,000. Berbice Capital Management LLC purchased a new position in Fair Isaac in the fourth quarter valued at about $40,000. Avalon Trust Co acquired a new stake in Fair Isaac during the 4th quarter valued at approximately $40,000. Finally, OFI Invest Asset Management purchased a new stake in Fair Isaac during the 4th quarter worth approximately $42,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of the business's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $74,210,495.94. The trade was a 6.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,135 shares of company stock valued at $31,505,623 over the last 90 days. 3.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FICO. Oppenheimer reduced their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Barclays decreased their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Raymond James upped their target price on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America initiated coverage on Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $2,277.46.

Fair Isaac Stock Down 1.0 %

FICO stock opened at $2,059.07 on Wednesday. The company has a 50 day moving average of $1,865.79 and a two-hundred day moving average of $1,978.33. Fair Isaac Co. has a 12-month low of $1,229.29 and a 12-month high of $2,402.52. The company has a market cap of $50.12 billion, a price-to-earnings ratio of 94.50, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter last year, the firm earned $6.14 earnings per share. The company's revenue for the quarter was up 15.0% on a year-over-year basis. On average, research analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

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.

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