Burney Co. Sells 754 Shares of Fair Isaac Corporation (NYSE:FICO)

Burney Co. trimmed its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,408 shares of the technology company's stock after selling 754 shares during the quarter. Fair Isaac makes up 1.0% of Burney Co.'s holdings, making the stock its 22nd biggest position. Burney Co. owned approximately 0.06% of Fair Isaac worth $26,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pinnacle Holdings LLC bought a new position in shares of Fair Isaac in the 4th quarter worth $26,000. Colonial Trust Co SC increased its holdings in shares of Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock worth $48,000 after buying an additional 10 shares during the last quarter. Mechanics Financial Corp bought a new position in shares of Fair Isaac in the 1st quarter worth $46,000. Hollencrest Capital Management grew its holdings in shares of Fair Isaac by 766.7% during the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after purchasing an additional 23 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of Fair Isaac by 600.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock valued at $56,000 after purchasing an additional 24 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 3,811 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the sale, the chief executive officer directly owned 44,338 shares in the company, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction dated 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 sale, the chief financial officer owned 1,862 shares in the company, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,906 shares of company stock worth $45,222,913 over the last three months. 3.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FICO has been the topic of a number of recent research reports. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Barclays cut their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Bank of America began coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Griffin Securities set a $2,000.00 price target on shares of Fair Isaac in a report on Wednesday, July 9th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $2,218.64.

Fair Isaac Stock Performance

NYSE FICO traded down $4.41 during trading hours on Friday, reaching $1,531.39. The company's stock had a trading volume of 134,033 shares, compared to its average volume of 367,389. The stock has a market cap of $37.27 billion, a PE ratio of 65.95, a PEG ratio of 2.48 and a beta of 1.28. Fair Isaac Corporation has a fifty-two week low of $1,477.11 and a fifty-two week high of $2,402.51. The company's 50-day moving average is $1,727.13 and its two-hundred day moving average is $1,828.87.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS 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 net margin of 31.36% and a negative return on equity of 51.41%. The firm's revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $6.14 EPS. Equities analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has approved a share buyback program on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

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.