Kayne Anderson Rudnick Investment Management LLC Sells 28 Shares of Fair Isaac Co. (NYSE:FICO)

Kayne Anderson Rudnick Investment Management LLC trimmed its position in shares of Fair Isaac Co. (NYSE:FICO) by 0.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 468,729 shares of the technology company’s stock after selling 28 shares during the period. Fair Isaac makes up approximately 1.7% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 11th largest holding. Kayne Anderson Rudnick Investment Management LLC’s holdings in Fair Isaac were worth $697,779,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commerce Bank grew its position in shares of Fair Isaac by 704.8% in the 1st quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock worth $7,603,000 after buying an additional 5,328 shares during the period. Seven Eight Capital LP boosted its stake in Fair Isaac by 140.0% during the fourth quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock worth $1,676,000 after acquiring an additional 840 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Fair Isaac by 44.5% in the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after purchasing an additional 9,094 shares during the period. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after purchasing an additional 35,263 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the topic of several recent research reports. Robert W. Baird upped their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Oppenheimer initiated coverage on Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 target price on the stock. Royal Bank of Canada lifted their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Needham & Company LLC lifted their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,582.58.

Fair Isaac Stock Up 0.3 %

FICO opened at $1,934.63 on Friday. The stock has a market capitalization of $47.81 billion, a price-to-earnings ratio of 101.56, a PEG ratio of 4.41 and a beta of 1.34. The firm has a 50 day moving average price of $1,715.29 and a 200-day moving average price of $1,454.48. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,951.40.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. As a group, analysts expect that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac declared that its board has authorized a share buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the transaction, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is owned by insiders.

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.