Driehaus Capital Management LLC Sells 1,270 Shares of Fair Isaac Co. (NYSE:FICO)

Driehaus Capital Management LLC reduced its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,123 shares of the technology company's stock after selling 1,270 shares during the quarter. Driehaus Capital Management LLC's holdings in Fair Isaac were worth $16,172,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after purchasing an additional 1,977 shares in the last quarter. Barclays PLC raised its holdings in shares of Fair Isaac by 24.8% during the third quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after acquiring an additional 12,038 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Fair Isaac by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock worth $1,308,460,000 after acquiring an additional 7,466 shares during the period. GAMMA Investing LLC raised its holdings in shares of Fair Isaac by 36.4% during the fourth quarter. GAMMA Investing LLC now owns 90 shares of the technology company's stock worth $179,000 after acquiring an additional 24 shares during the period. Finally, Baker Tilly Wealth Management LLC raised its holdings in shares of Fair Isaac by 16.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 260 shares of the technology company's stock worth $518,000 after acquiring an additional 37 shares during the period. 85.75% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Fair Isaac Trading Up 2.1%

NYSE FICO traded up $43.90 during trading on Monday, reaching $2,132.12. The company's stock had a trading volume of 182,027 shares, compared to its average volume of 177,237. The firm has a market capitalization of $51.90 billion, a price-to-earnings ratio of 97.85, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 12 month low of $1,266.72 and a 12 month high of $2,402.52. The firm has a 50 day moving average price of $1,879.31 and a 200 day moving average price of $1,980.15.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The company had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $6.14 EPS. On average, equities analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FICO. Barclays lowered their price target on shares of 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. Bank of America assumed coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target on the stock. Raymond James lifted their price objective on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, Oppenheimer lifted their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average price target of $2,274.31.

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.