Sigma Planning Corp purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 650 shares of the technology company’s stock, valued at approximately $204,000.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in Fair Isaac by 17.8% in the 1st quarter. BlackRock Inc. now owns 3,449,552 shares of the technology company’s stock worth $937,001,000 after buying an additional 520,045 shares in the last quarter. AKO Capital LLP lifted its holdings in Fair Isaac by 11.9% in the 1st quarter. AKO Capital LLP now owns 591,536 shares of the technology company’s stock worth $160,679,000 after buying an additional 62,761 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Fair Isaac by 5.5% in the 2nd quarter. Janus Henderson Group PLC now owns 322,406 shares of the technology company’s stock valued at $101,242,000 after purchasing an additional 16,857 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Fair Isaac by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 295,801 shares of the technology company’s stock valued at $80,349,000 after purchasing an additional 8,547 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Fair Isaac by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 294,328 shares of the technology company’s stock valued at $55,039,000 after purchasing an additional 19,598 shares in the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on FICO. Wells Fargo & Co upped their target price on shares of Fair Isaac from $310.00 to $415.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 3rd.
In related news, insider William J. Lansing sold 16,000 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $302.11, for a total transaction of $4,833,760.00. Following the sale, the insider now owns 282,557 shares in the company, valued at $85,363,295.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michael S. Leonard sold 1,038 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $347.67, for a total transaction of $360,881.46. Following the sale, the chief accounting officer now owns 7,579 shares in the company, valued at approximately $2,634,990.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,276 shares of company stock worth $28,057,760. Company insiders own 6.10% of the company’s stock.
Shares of Fair Isaac stock opened at $346.19 on Friday. The firm has a market cap of $10.10 billion, a PE ratio of 79.77 and a beta of 1.20. The firm’s 50-day simple moving average is $346.83 and its 200-day simple moving average is $294.28. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.95 and a current ratio of 0.95. Fair Isaac Co. has a 1 year low of $170.26 and a 1 year high of $371.81.
Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 31st. The technology company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $1.24. The business had revenue of $314.20 million for the quarter, compared to analyst estimates of $292.88 million. Fair Isaac had a net margin of 16.57% and a return on equity of 63.47%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.51 EPS. On average, equities analysts predict that Fair Isaac Co. will post 4.92 earnings per share 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.
Recommended Story: What is a put option?
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.