Chicago Capital LLC Lowers Stock Position in Fair Isaac Corporation (NYSE:FICO)

Chicago Capital LLC cut its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 28.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,680 shares of the technology company's stock after selling 11,696 shares during the quarter. Fair Isaac makes up approximately 1.5% of Chicago Capital LLC's investment portfolio, making the stock its 28th largest holding. Chicago Capital LLC owned about 0.12% of Fair Isaac worth $54,735,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Fair Isaac by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after acquiring an additional 22,178 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Fair Isaac by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock worth $1,351,073,000 after purchasing an additional 5,371 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fair Isaac by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after purchasing an additional 17,656 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after purchasing an additional 258,092 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Fair Isaac by 20.1% during the 4th quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock worth $506,096,000 after buying an additional 42,588 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FICO has been the subject of a number of recent analyst reports. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Jefferies Financial Group reiterated a "buy" rating and set a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Barclays dropped their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Needham & Company LLC reissued a "buy" rating and issued a $2,575.00 target price on shares of Fair Isaac in a research report on Friday. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus price target of $2,304.15.

Insider Activity

In other news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the sale, the chief financial officer now owns 1,862 shares in the company, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,851 shares of company stock valued at $40,543,770 in the last ninety days. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Stock Performance

NYSE FICO traded up $44.25 during trading on Friday, reaching $1,807.89. 261,273 shares of the company's stock were exchanged, compared to its average volume of 193,240. Fair Isaac Corporation has a 1 year low of $1,401.67 and a 1 year high of $2,402.52. The stock has a market cap of $44.00 billion, a P/E ratio of 77.86, a price-to-earnings-growth ratio of 2.89 and a beta of 1.29. The company has a 50 day moving average price of $1,890.15 and a two-hundred day moving average price of $1,905.88.

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 for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. Fair Isaac's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $6.14 earnings per share. Research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has approved a stock repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Fair Isaac 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.