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

Segall Bryant & Hamill LLC trimmed its position in shares of Fair Isaac Co. (NYSE:FICO) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,030 shares of the technology company’s stock after selling 677 shares during the period. Segall Bryant & Hamill LLC’s holdings in Fair Isaac were worth $31,155,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Fair Isaac by 25.4% in 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 acquiring an additional 174,397 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after acquiring an additional 538,071 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after acquiring an additional 1,977 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Fair Isaac by 6.7% in the second quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after acquiring an additional 21,768 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Fair Isaac by 4.5% in the first quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock valued at $226,687,000 after acquiring an additional 7,884 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Up 0.5 %

NYSE FICO opened at $2,284.43 on Wednesday. Fair Isaac Co. has a 52-week low of $1,037.55 and a 52-week high of $2,402.51. The business’s 50-day moving average price is $2,026.85 and its 200 day moving average price is $1,704.79. The firm has a market cap of $55.63 billion, a P/E ratio of 111.71, a P/E/G ratio of 4.16 and a beta of 1.35.

Fair Isaac announced that its Board of Directors has approved a share buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

FICO has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Robert W. Baird raised their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price target on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Oppenheimer raised their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Needham & Company LLC raised their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

Insider Buying and Selling

In related news, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,890 shares of company stock valued at $13,780,452 over the last quarter. 3.54% of the stock is currently owned by insiders.

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.