Chicago Capital LLC Trims Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Chicago Capital LLC lessened its stake in shares of Fair Isaac Co. (NYSE:FICO) by 28.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,680 shares of the technology company’s stock after selling 11,696 shares during the quarter. Fair Isaac accounts for about 1.5% of Chicago Capital LLC’s holdings, making the stock its 28th biggest holding. Chicago Capital LLC owned approximately 0.12% of Fair Isaac worth $54,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. boosted its stake in shares of 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 period. Pinnacle Holdings LLC purchased a new position in Fair Isaac in the 4th quarter valued at approximately $26,000. Avalon Trust Co purchased a new position in Fair Isaac in the 4th quarter valued at approximately $40,000. OFI Invest Asset Management acquired a new position in shares of Fair Isaac in the fourth quarter worth $42,000. Finally, Colonial Trust Co SC increased its position in shares of Fair Isaac by 71.4% during the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company’s stock worth $48,000 after acquiring an additional 10 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the business’s 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 now directly owns 42,138 shares of the company’s stock, valued at approximately $74,492,399.16. The trade was a 12.48% 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, CFO Steven P. Weber sold 1,000 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer now owns 1,862 shares of the company’s stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,851 shares of company stock valued at $40,543,770. Company insiders own 3.46% of the company’s stock.

Fair Isaac Stock Up 1.4%

Shares of NYSE FICO opened at $1,810.10 on Tuesday. The stock has a market capitalization of $44.06 billion, a PE ratio of 83.07, a P/E/G ratio of 3.27 and a beta of 1.29. The firm has a fifty day moving average of $1,895.12 and a 200-day moving average of $1,911.78. Fair Isaac Co. has a 52-week low of $1,370.28 and a 52-week high of $2,402.52.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating analysts’ consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to analysts’ expectations of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $6.14 earnings per share. Equities research analysts expect that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on FICO shares. Oppenheimer boosted their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Bank of America assumed coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a “buy” rating and a $2,800.00 price objective for the company. Robert W. Baird raised Fair Isaac from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Barclays cut their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Finally, Baird R W raised Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $2,304.15.

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.