Kayne Anderson Rudnick Investment Management LLC Has $522.42 Million Stock Position in Fair Isaac Co. (NYSE:FICO)

Kayne Anderson Rudnick Investment Management LLC lowered its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 43.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 262,398 shares of the technology company's stock after selling 200,139 shares during the period. Fair Isaac accounts for approximately 1.2% of Kayne Anderson Rudnick Investment Management LLC's holdings, making the stock its 27th largest position. Kayne Anderson Rudnick Investment Management LLC owned about 1.07% of Fair Isaac worth $522,417,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Fair Isaac during the fourth quarter worth approximately $442,369,000. Wealthfront Advisers LLC increased its position in Fair Isaac by 5,217.6% during the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock worth $292,728,000 after buying an additional 144,266 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth $261,610,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock valued at $321,790,000 after acquiring an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Fair Isaac in the fourth quarter valued at about $199,441,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 13,058 shares of company stock valued at $23,119,030. 3.46% of the stock is currently owned by insiders.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $7.20 during mid-day trading on Friday, reaching $1,944.01. 108,272 shares of the company's stock were exchanged, compared to its average volume of 179,852. The firm has a market capitalization of $47.47 billion, a price-to-earnings ratio of 89.22, a PEG ratio of 3.27 and a beta of 1.37. Fair Isaac Co. has a twelve month low of $1,105.65 and a twelve month high of $2,402.52. The business's fifty day moving average price is $1,829.29 and its 200-day moving average price is $1,979.68.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts' consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Analysts predict that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FICO. Needham & Company LLC reissued a "buy" rating and issued a $2,500.00 price objective on shares of Fair Isaac in a report on Friday, April 11th. UBS Group lowered their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Bank of America started coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price on the stock. Barclays dropped their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Finally, Robert W. Baird decreased their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,210.23.

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.