Segall Bryant & Hamill LLC Cuts Stake in Fair Isaac Corporation (NYSE:FICO)

Segall Bryant & Hamill LLC reduced its stake in Fair Isaac Corporation (NYSE:FICO) by 10.1% during the first quarter, HoldingsChannel reports. The fund owned 13,257 shares of the technology company’s stock after selling 1,482 shares during the period. Segall Bryant & Hamill LLC’s holdings in Fair Isaac were worth $24,448,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in shares of Fair Isaac by 38.8% in the first quarter. Larson Financial Group LLC now owns 315 shares of the technology company’s stock worth $581,000 after acquiring an additional 88 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of Fair Isaac by 2.9% during the first quarter. Wealthfront Advisers LLC now owns 2,933 shares of the technology company’s stock valued at $5,409,000 after buying an additional 84 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Fair Isaac by 5.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 6,901 shares of the technology company’s stock valued at $12,726,000 after buying an additional 334 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Fair Isaac by 2.2% during the first quarter. Whittier Trust Co. now owns 13,754 shares of the technology company’s stock valued at $25,364,000 after buying an additional 298 shares during the last quarter. Finally, Dakota Wealth Management purchased a new stake in shares of Fair Isaac during the first quarter valued at $11,921,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fair Isaac

In other news, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was 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 directly owned 9,974 shares of the company’s stock, valued at $20,517,016.70. This represents a 29.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the company’s stock in a transaction that occurred 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 $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 sold 23,906 shares of company stock valued at $45,222,913 over the last 90 days. Insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FICO. Needham & Company LLC reaffirmed a “buy” rating and set a $2,575.00 price objective on shares of Fair Isaac in a research report on Friday, June 20th. BMO Capital Markets raised Fair Isaac to a “strong-buy” rating in a research report on Thursday, July 10th. Jefferies Financial Group reissued a “buy” rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Bank of America started coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 target price on the stock. Finally, Barclays dropped their target price on Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 9th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $2,263.29.

Fair Isaac Trading Down 2.7%

NYSE FICO opened at $1,505.90 on Wednesday. The stock’s 50 day moving average is $1,823.18 and its 200 day moving average is $1,852.62. Fair Isaac Corporation has a 12 month low of $1,477.12 and a 12 month high of $2,402.52. The stock has a market cap of $36.66 billion, a PE ratio of 64.85, a P/E/G ratio of 2.49 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts’ consensus estimates of $7.33 by $0.48. The company had revenue of $498.74 million for the quarter, compared to analysts’ expectations of $500.45 million. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.14 EPS. On average, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a stock buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board 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.