Riverbridge Partners LLC Trims Holdings in Fair Isaac Co. (NYSE:FICO)

Riverbridge Partners LLC reduced its stake in Fair Isaac Co. (NYSE:FICO) by 3.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,676 shares of the technology company’s stock after selling 696 shares during the period. Riverbridge Partners LLC’s holdings in Fair Isaac were worth $37,183,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FICO. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC lifted its stake in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the last quarter. Versant Capital Management Inc raised its holdings in Fair Isaac by 500.0% in the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after buying an additional 20 shares during the period. Finally, Covestor Ltd lifted its position in Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after buying an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fair Isaac

In related news, 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 transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 13,589 shares of company stock worth $31,258,963 in the last quarter. Company insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,875.89 on Thursday. Fair Isaac Co. has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The stock has a market capitalization of $45.68 billion, a price-to-earnings ratio of 91.73, a PEG ratio of 3.49 and a beta of 1.40. The firm’s fifty day simple moving average is $2,134.33 and its 200-day simple moving average is $1,939.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FICO shares. The Goldman Sachs Group lifted their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group upped their price target on 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. Wells Fargo & Company raised their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC boosted their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,087.77.

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.