Segall Bryant & Hamill LLC Reduces Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Segall Bryant & Hamill LLC lessened its position in shares of Fair Isaac Co. (NYSE:FICO) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,030 shares of the technology company’s stock after selling 677 shares during the quarter. Segall Bryant & Hamill LLC owned 0.07% of Fair Isaac worth $31,155,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. West Family Investments Inc. grew its stake in Fair Isaac by 6.4% during the 3rd quarter. West Family Investments Inc. now owns 314 shares of the technology company’s stock valued at $610,000 after purchasing an additional 19 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Fair Isaac by 15.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,901 shares of the technology company’s stock valued at $5,638,000 after purchasing an additional 381 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Fair Isaac during the 3rd quarter valued at about $2,981,000. Meeder Asset Management Inc. grew its stake in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares during the last quarter. Finally, Strengthening Families & Communities LLC purchased a new stake in Fair Isaac during the 3rd quarter valued at about $95,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

FICO stock opened at $2,284.43 on Wednesday. The business has a 50 day simple moving average of $2,026.85 and a 200-day simple moving average of $1,704.79. The firm has a market capitalization of $55.63 billion, a PE ratio of 111.71, a price-to-earnings-growth ratio of 4.16 and a beta of 1.35. Fair Isaac Co. has a 1 year low of $1,037.55 and a 1 year high of $2,402.51.

Fair Isaac declared that its board has approved a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Insiders sold 6,890 shares of company stock worth $13,780,452 over the last ninety days. Corporate insiders own 3.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,964.92.

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.