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

Kayne Anderson Rudnick Investment Management LLC reduced its position in Fair Isaac Co. (NYSE:FICO) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 468,729 shares of the technology company’s stock after selling 28 shares during the period. Fair Isaac accounts for approximately 1.7% of Kayne Anderson Rudnick Investment Management LLC’s portfolio, making the stock its 11th largest holding. Kayne Anderson Rudnick Investment Management LLC owned approximately 1.90% of Fair Isaac worth $697,779,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the first quarter worth $25,000. Advisors Asset Management Inc. purchased a new stake in Fair Isaac during the 1st quarter worth about $26,000. Tortoise Investment Management LLC boosted its stake in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the period. OFI Invest Asset Management purchased a new position in Fair Isaac during the 1st quarter valued at about $31,000. Finally, Family Firm Inc. bought a new stake in shares of Fair Isaac during the second quarter valued at about $34,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 0.3 %

Shares of NYSE:FICO opened at $1,934.63 on Friday. The stock has a market capitalization of $47.81 billion, a P/E ratio of 101.56, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34. The stock’s 50-day moving average price is $1,715.29 and its 200-day moving average price is $1,454.48. Fair Isaac Co. has a 12-month low of $811.99 and a 12-month high of $1,951.40.

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

Fair Isaac declared that its Board of Directors has initiated 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 management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of analyst reports. Wolfe Research began coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Royal Bank of Canada raised their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Needham & Company LLC upped their price target 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. Robert W. Baird lifted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Barclays boosted their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,582.58.

Insider Transactions at Fair Isaac

In related news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,261 shares of company stock worth $26,291,370. Insiders own 3.54% of the company’s stock.

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.