Bank of New York Mellon Corp trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 478,281 shares of the technology company’s stock after selling 5,865 shares during the period. Bank of New York Mellon Corp owned about 1.64% of Fair Isaac worth $92,461,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Wedge Capital Management L L P NC lifted its stake in shares of Fair Isaac by 8.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 3,113 shares of the technology company’s stock worth $602,000 after purchasing an additional 251 shares during the period. Dupont Capital Management Corp lifted its stake in shares of Fair Isaac by 1.4% during the 2nd quarter. Dupont Capital Management Corp now owns 18,496 shares of the technology company’s stock worth $3,576,000 after purchasing an additional 261 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Fair Isaac by 8.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,804 shares of the technology company’s stock worth $735,000 after purchasing an additional 294 shares during the period. Arizona State Retirement System lifted its stake in shares of Fair Isaac by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 20,717 shares of the technology company’s stock worth $4,005,000 after purchasing an additional 334 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Fair Isaac by 11.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 5,362 shares of the technology company’s stock worth $1,037,000 after purchasing an additional 531 shares during the period. 84.39% of the stock is owned by institutional investors and hedge funds.
Shares of FICO opened at $196.33 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.84 and a current ratio of 0.80. The firm has a market capitalization of $5.55 billion, a P/E ratio of 45.24, a PEG ratio of 3.89 and a beta of 1.43. Fair Isaac Co. has a twelve month low of $150.56 and a twelve month high of $241.10.
Fair Isaac (NYSE:FICO) last issued its earnings results on Thursday, November 1st. The technology company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.13). The firm had revenue of $279.80 million during the quarter, compared to analysts’ expectations of $272.70 million. Fair Isaac had a return on equity of 45.11% and a net margin of 13.79%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $1.65 earnings per share. Equities research analysts expect that Fair Isaac Co. will post 4.89 EPS for the current year.
In related news, insider James M. Wehmann sold 10,000 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $190.60, for a total value of $1,906,000.00. Following the transaction, the insider now directly owns 99,726 shares of the company’s stock, valued at approximately $19,007,775.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Rey sold 7,374 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $215.38, for a total value of $1,588,212.12. The disclosure for this sale can be found here. Insiders sold a total of 115,868 shares of company stock worth $25,252,220 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.
A number of research analysts have weighed in on FICO shares. Wells Fargo & Co set a $250.00 price target on Fair Isaac and gave the stock a “buy” rating in a research note on Sunday, November 4th. ValuEngine lowered Fair Isaac from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research lowered Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $208.50.
About Fair Isaac
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.
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