Chicago Capital LLC Sells 1,031 Shares of Fair Isaac Corporation $FICO

Chicago Capital LLC trimmed its position in Fair Isaac Corporation (NYSE:FICO) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,635 shares of the technology company’s stock after selling 1,031 shares during the period. Chicago Capital LLC owned about 0.12% of Fair Isaac worth $44,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FICO. Vanguard Group Inc. boosted its holdings in shares of Fair Isaac by 1.2% in the second quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company’s stock worth $5,479,356,000 after buying an additional 35,091 shares during the last quarter. State Street Corp raised its position in Fair Isaac by 1.2% in the second quarter. State Street Corp now owns 1,083,410 shares of the technology company’s stock worth $1,980,430,000 after acquiring an additional 13,018 shares during the period. Geode Capital Management LLC boosted its stake in shares of Fair Isaac by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock worth $1,299,727,000 after acquiring an additional 13,906 shares during the last quarter. American Century Companies Inc. grew its position in shares of Fair Isaac by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 397,389 shares of the technology company’s stock valued at $726,411,000 after acquiring an additional 10,771 shares during the period. Finally, Edgewood Management LLC purchased a new stake in shares of Fair Isaac in the 2nd quarter worth $612,785,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,653.93 on Tuesday. The company has a market cap of $39.21 billion, a P/E ratio of 62.30, a P/E/G ratio of 1.82 and a beta of 1.30. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60. The firm’s fifty day moving average is $1,737.10 and its two-hundred day moving average is $1,629.13.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. The firm had revenue of $515.75 million during the quarter, compared to analyst estimates of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $6.54 earnings per share. As a group, analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Insider Activity

In related news, CFO Steven P. Weber sold 1,426 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the completion of the transaction, the chief financial officer directly owned 2,804 shares of the company’s stock, valued at approximately $5,075,240. This trade represents a 33.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Lansing sold 4,942 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the sale, the chief executive officer directly owned 43,207 shares in the company, valued at approximately $70,485,307.38. The trade was a 10.26% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 10,358 shares of company stock worth $17,517,343. 3.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FICO has been the topic of several analyst reports. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Needham & Company LLC reiterated a “buy” rating and set a $1,950.00 price objective on shares of Fair Isaac in a research note on Thursday, October 2nd. BMO Capital Markets decreased their target price on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. lifted their price target on shares of Fair Isaac from $1,750.00 to $1,825.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Wells Fargo & Company increased their price objective on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,076.77.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.