Brown Advisory Inc. Sells 1,529 Shares of Fair Isaac Corporation (NYSE:FICO)

Brown Advisory Inc. trimmed its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 24.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,628 shares of the technology company's stock after selling 1,529 shares during the quarter. Brown Advisory Inc.'s holdings in Fair Isaac were worth $8,535,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. increased its holdings in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after purchasing an additional 8 shares during the last quarter. Pinnacle Holdings LLC bought a new position in Fair Isaac during the 4th quarter worth about $26,000. Avalon Trust Co bought a new stake in Fair Isaac in the 4th quarter valued at approximately $40,000. Colonial Trust Co SC grew its position in Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 10 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its holdings in Fair Isaac by 600.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock worth $56,000 after acquiring an additional 24 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the 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 owned 9,974 shares of the company's stock, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,906 shares of company stock worth $45,222,913 over the last three months. Company insiders own 3.46% of the company's stock.

Fair Isaac Trading Down 2.8%

NYSE FICO traded down $43.68 during trading hours on Friday, hitting $1,540.70. 379,480 shares of the company's stock were exchanged, compared to its average volume of 203,702. The stock has a 50-day simple moving average of $1,855.28 and a 200 day simple moving average of $1,865.49. The firm has a market cap of $37.50 billion, a price-to-earnings ratio of 75.63, a PEG ratio of 2.54 and a beta of 1.28. Fair Isaac Corporation has a 1-year low of $1,484.29 and a 1-year high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. The business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The company's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.14 earnings per share. On average, sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its board has initiated a share buyback program on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FICO. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Oppenheimer increased their price objective on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research note on Tuesday. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their price target for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $2,263.29.

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.