Hutchens & Kramer Investment Management Group LLC Lowers Holdings in Fair Isaac Corporation (NYSE:FICO)

Hutchens & Kramer Investment Management Group LLC decreased its holdings in Fair Isaac Corporation (NYSE:FICO) by 6.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178 shares of the technology company’s stock after selling 12 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Fair Isaac were worth $328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KBC Group NV grew its holdings in Fair Isaac by 80.9% in the 1st quarter. KBC Group NV now owns 15,080 shares of the technology company’s stock valued at $27,810,000 after buying an additional 6,742 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Fair Isaac by 1.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 56,404 shares of the technology company’s stock valued at $104,018,000 after purchasing an additional 645 shares in the last quarter. Highland Capital Management LLC lifted its stake in shares of Fair Isaac by 31.7% in the 1st quarter. Highland Capital Management LLC now owns 959 shares of the technology company’s stock valued at $1,769,000 after purchasing an additional 231 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Fair Isaac by 31.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,433 shares of the technology company’s stock valued at $9,991,000 after purchasing an additional 1,296 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Fair Isaac by 7.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,944 shares of the technology company’s stock valued at $23,871,000 after purchasing an additional 914 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,816.89 on Friday. The stock’s 50 day moving average price is $1,883.80 and its 200 day moving average price is $1,885.09. The firm has a market capitalization of $44.22 billion, a PE ratio of 78.25, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. Fair Isaac Corporation has a one year low of $1,454.41 and a one year high of $2,402.52.

Fair Isaac (NYSE:FICO) last announced its earnings results 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 company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period in the prior year, the company posted $6.14 EPS. Fair Isaac’s quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its board has initiated a stock buyback plan on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FICO shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Barclays reduced their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Robert W. Baird raised Fair Isaac from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Bank of America started coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2,575.00 price objective on shares of Fair Isaac in a research note on Friday, June 20th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and an average target price of $2,304.15.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the transaction, the chief financial officer now directly owns 1,862 shares of the company’s stock, valued at $3,236,621.50. This represents a 34.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William J. Lansing sold 2,956 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $74,210,495.94. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,851 shares of company stock valued at $40,543,770 in the last three months. Corporate insiders own 3.46% of the company’s stock.

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.