LRI Investments LLC Has $100,000 Stock Holdings in Fair Isaac Corporation (NYSE:FICO)

LRI Investments LLC reduced its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 79.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54 shares of the technology company's stock after selling 211 shares during the quarter. LRI Investments LLC's holdings in Fair Isaac were worth $100,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Nebula Research & Development LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth approximately $2,540,000. CWA Asset Management Group LLC raised its position in Fair Isaac by 15.1% in the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after acquiring an additional 19 shares in the last quarter. QRG Capital Management Inc. raised its position in Fair Isaac by 4.5% in the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after acquiring an additional 17 shares in the last quarter. Brighton Jones LLC raised its position in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Fair Isaac by 55.6% in the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after acquiring an additional 50 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Oppenheimer increased their price objective on Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Barclays cut their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Needham & Company LLC set a $1,950.00 price target on Fair Isaac and gave the company a "buy" rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fair Isaac has an average rating of "Buy" and a consensus price target of $2,218.64.

Fair Isaac Stock Up 0.7%

Shares of FICO traded up $10.71 during mid-day trading on Friday, hitting $1,536.00. The stock had a trading volume of 102,218 shares, compared to its average volume of 207,865. The company has a market cap of $37.39 billion, a PE ratio of 66.15, a PEG ratio of 2.47 and a beta of 1.28. The company's fifty day simple moving average is $1,800.25 and its two-hundred day simple moving average is $1,847.07. Fair Isaac Corporation has a fifty-two week low of $1,477.12 and a fifty-two week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The business had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the previous year, the firm posted $6.14 EPS. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. Equities analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a share repurchase program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president owned 9,974 shares of the company's stock, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 completion of the sale, the chief executive officer directly owned 42,138 shares in the company, valued at $74,492,399.16. This represents a 12.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,906 shares of company stock worth $45,222,913. Insiders own 3.46% of the company's stock.

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.