Kayne Anderson Rudnick Investment Management LLC Sells 570 Shares of Fair Isaac Corporation (NYSE:FICO)

Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,365 shares of the technology company’s stock after selling 570 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Fair Isaac Corporation were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Fair Isaac Corporation by 0.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,002 shares of the technology company’s stock worth $387,000 after acquiring an additional 16 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Fair Isaac Corporation by 0.4% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,352 shares of the technology company’s stock worth $690,000 after acquiring an additional 20 shares in the last quarter. Oakbrook Investments LLC raised its position in shares of Fair Isaac Corporation by 1.1% in the 2nd quarter. Oakbrook Investments LLC now owns 2,275 shares of the technology company’s stock worth $317,000 after acquiring an additional 25 shares in the last quarter. US Bancorp DE increased its position in Fair Isaac Corporation by 1.2% during the 1st quarter. US Bancorp DE now owns 2,568 shares of the technology company’s stock valued at $331,000 after buying an additional 30 shares in the last quarter. Finally, World Asset Management Inc increased its position in Fair Isaac Corporation by 1.7% during the 2nd quarter. World Asset Management Inc now owns 1,955 shares of the technology company’s stock valued at $273,000 after buying an additional 33 shares in the last quarter. Institutional investors own 89.26% of the company’s stock.

Fair Isaac Corporation (FICO) opened at 134.41 on Friday. The stock has a 50 day moving average price of $139.82 and a 200-day moving average price of $135.46. The stock has a market capitalization of $4.12 billion, a P/E ratio of 36.03 and a beta of 1.22. Fair Isaac Corporation has a 1-year low of $109.77 and a 1-year high of $147.02.

Fair Isaac Corporation (NYSE:FICO) last announced its quarterly earnings data on Monday, July 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). Fair Isaac Corporation had a net margin of 13.15% and a return on equity of 27.84%. The firm had revenue of $231.00 million for the quarter, compared to analysts’ expectations of $237.07 million. During the same period in the previous year, the company posted $1.45 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Equities research analysts expect that Fair Isaac Corporation will post $4.94 EPS for the current year.

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In related news, Director David A. Rey sold 2,660 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $140.47, for a total value of $373,650.20. Following the sale, the director now owns 11,034 shares of the company’s stock, valued at approximately $1,549,945.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Rey sold 7,340 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total transaction of $1,029,435.00. Following the completion of the sale, the director now directly owns 15,714 shares in the company, valued at approximately $2,203,888.50. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on the company. BidaskClub lowered Fair Isaac Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Wells Fargo & Company lifted their target price on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, August 1st.

About Fair Isaac Corporation

Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.

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

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