Chicago Capital LLC Raises Position in Fair Isaac Co. (NYSE:FICO)

Chicago Capital LLC lifted its stake in Fair Isaac Co. (NYSE:FICOGet Rating) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,989 shares of the technology company’s stock after buying an additional 16,266 shares during the period. Fair Isaac makes up 2.3% of Chicago Capital LLC’s portfolio, making the stock its 14th biggest position. Chicago Capital LLC’s holdings in Fair Isaac were worth $53,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Inspire Investing LLC purchased a new stake in shares of Fair Isaac in the first quarter worth about $235,000. Virginia Retirement Systems ET AL boosted its position in shares of Fair Isaac by 54.7% in the first quarter. Virginia Retirement Systems ET AL now owns 44,700 shares of the technology company’s stock worth $20,851,000 after buying an additional 15,800 shares during the period. CWM LLC boosted its position in shares of Fair Isaac by 103.6% in the first quarter. CWM LLC now owns 114 shares of the technology company’s stock worth $53,000 after buying an additional 58 shares during the period. First Heartland Consultants Inc. boosted its position in shares of Fair Isaac by 4.3% in the first quarter. First Heartland Consultants Inc. now owns 723 shares of the technology company’s stock worth $337,000 after buying an additional 30 shares during the period. Finally, Bank of New Hampshire purchased a new position in Fair Isaac in the first quarter valued at about $569,000. 86.67% of the stock is owned by institutional investors.

NYSE:FICO opened at $408.26 on Friday. The business’s 50 day moving average is $388.22 and its two-hundred day moving average is $432.81. Fair Isaac Co. has a 52 week low of $340.48 and a 52 week high of $553.97. The company has a market cap of $10.59 billion, a PE ratio of 26.82 and a beta of 1.25.

Fair Isaac (NYSE:FICOGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The technology company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.72. The business had revenue of $357.20 million for the quarter, compared to analysts’ expectations of $337.63 million. Fair Isaac had a negative return on equity of 113.66% and a net margin of 31.52%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. Analysts anticipate that Fair Isaac Co. will post 12.5 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Jefferies Financial Group increased their price target on Fair Isaac from $529.00 to $588.00 and gave the company a “buy” rating in a report on Friday, March 4th. StockNews.com started coverage on Fair Isaac in a report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Barclays reduced their target price on Fair Isaac from $575.00 to $450.00 and set an “overweight” rating on the stock in a report on Friday, June 17th. One equities research analyst has rated the stock with a hold rating and five 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 a consensus target price of $535.50.

In other news, Director Joanna Rees sold 253 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $383.72, for a total transaction of $97,081.16. Following the sale, the director now directly owns 3,922 shares in the company, valued at approximately $1,504,949.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.05% of the stock is currently owned by corporate insiders.

About Fair Isaac (Get Rating)

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.

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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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