Fair Isaac Corporation (NYSE:FICO) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in Fair Isaac Corporation (NYSE:FICO - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,257 shares of the technology company's stock after selling 1,482 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.05% of Fair Isaac worth $24,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Holdings LLC purchased a new position in shares of Fair Isaac in the fourth quarter worth about $26,000. Colonial Trust Co SC increased its position in 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 purchasing an additional 10 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Fair Isaac by 600.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 28 shares of the technology company's stock worth $56,000 after purchasing an additional 24 shares during the last quarter. Washington Trust Advisors Inc. increased its position in Fair Isaac by 69.2% during the first quarter. Washington Trust Advisors Inc. now owns 44 shares of the technology company's stock worth $81,000 after purchasing an additional 18 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Fair Isaac by 53.1% during the first quarter. First Horizon Advisors Inc. now owns 49 shares of the technology company's stock worth $90,000 after purchasing an additional 17 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FICO shares. Jefferies Financial Group reiterated a "buy" rating on shares of Fair Isaac in a research report on Thursday. Barclays dropped their price target on shares of 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. Raymond James Financial restated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $2,218.64.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Lansing sold 3,811 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the transaction, the chief executive officer 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 disclosure for this sale can be found here. Insiders have sold 23,906 shares of company stock valued at $45,222,913 over the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

Fair Isaac Price Performance

Shares of NYSE:FICO traded up $13.00 during trading on Friday, hitting $1,538.29. 63,038 shares of the company were exchanged, compared to its average volume of 207,706. The stock has a market capitalization of $37.44 billion, a P/E ratio of 66.33, a PEG ratio of 2.47 and a beta of 1.28. Fair Isaac Corporation has a 12-month low of $1,477.12 and a 12-month high of $2,402.52. The firm's 50 day moving average price is $1,800.25 and its 200-day moving average price is $1,847.07.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly 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 firm had revenue of $498.74 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.14 EPS. As a group, equities research analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has authorized a stock buyback 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 stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

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.