AlphaCrest Capital Management LLC bought a new position in Fair Isaac Co. (NYSE:FICO) in the 1st quarter, HoldingsChannel reports. The fund bought 1,600 shares of the technology company’s stock, valued at approximately $435,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its holdings in Fair Isaac by 843.8% during the 4th quarter. Macquarie Group Ltd. now owns 151 shares of the technology company’s stock valued at $28,000 after buying an additional 135 shares in the last quarter. IFP Advisors Inc grew its holdings in Fair Isaac by 40.2% during the 4th quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock valued at $49,000 after buying an additional 76 shares in the last quarter. Toronto Dominion Bank purchased a new stake in Fair Isaac during the 1st quarter valued at approximately $54,000. Rockefeller Capital Management L.P. purchased a new stake in Fair Isaac during the 1st quarter valued at approximately $73,000. Finally, Ellis Investment Partners LLC purchased a new stake in Fair Isaac during the 1st quarter valued at approximately $94,000. 84.16% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on FICO shares. Wells Fargo & Co increased their price objective on shares of Fair Isaac from $250.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Barclays increased their price objective on shares of Fair Isaac from $240.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, March 11th. Finally, Zacks Investment Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating and set a $313.00 price objective for the company in a report on Friday, May 3rd.
In other news, insider William J. Lansing sold 16,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $302.11, for a total transaction of $4,833,760.00. Following the completion of the transaction, the insider now directly owns 282,557 shares in the company, valued at approximately $85,363,295.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Rey sold 7,500 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $282.82, for a total value of $2,121,150.00. Following the transaction, the director now owns 7,500 shares of the company’s stock, valued at $2,121,150. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.
NYSE FICO opened at $311.48 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.44. The company has a market cap of $9.08 billion, a PE ratio of 71.77 and a beta of 1.27. Fair Isaac Co. has a one year low of $170.26 and a one year high of $320.39.
Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). The firm had revenue of $278.20 million for the quarter, compared to the consensus estimate of $281.17 million. Fair Isaac had a net margin of 14.47% and a return on equity of 51.46%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. On average, sell-side analysts expect that Fair Isaac Co. will post 4.92 EPS for the current year.
Fair Isaac Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
Read More: Cryptocurrencies
Want to see what other hedge funds are holding FICO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fair Isaac Co. (NYSE:FICO).
Receive News & Ratings for Fair Isaac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac and related companies with MarketBeat.com's FREE daily email newsletter.