Los Angeles Capital Management & Equity Research Inc. Purchases 54,294 Shares of Fair Isaac Co. (FICO)

Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Fair Isaac Co. (NYSE:FICO) by 221.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,761 shares of the technology company’s stock after buying an additional 54,294 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.27% of Fair Isaac worth $18,001,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AKO Capital LLP grew its position in Fair Isaac by 14.8% during the second quarter. AKO Capital LLP now owns 403,978 shares of the technology company’s stock worth $78,097,000 after buying an additional 52,052 shares in the last quarter. Brown Advisory Inc. grew its position in Fair Isaac by 1.1% during the second quarter. Brown Advisory Inc. now owns 321,200 shares of the technology company’s stock worth $62,094,000 after buying an additional 3,588 shares in the last quarter. Valley Forge Capital Management LP acquired a new stake in Fair Isaac during the second quarter worth about $61,684,000. Handelsbanken Fonder AB grew its position in Fair Isaac by 9.9% during the third quarter. Handelsbanken Fonder AB now owns 259,320 shares of the technology company’s stock worth $59,268,000 after buying an additional 23,320 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Fair Isaac by 4.9% during the second quarter. Janus Henderson Group PLC now owns 249,283 shares of the technology company’s stock worth $48,191,000 after buying an additional 11,710 shares in the last quarter. 84.39% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Fair Isaac from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded Fair Isaac from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Finally, Wells Fargo & Co set a $250.00 price objective on Fair Isaac and gave the company a “buy” rating in a report on Sunday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $208.50.

NYSE 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 company has a market cap of $5.81 billion, a price-to-earnings ratio of 45.24, a P/E/G ratio of 4.08 and a beta of 1.43. Fair Isaac Co. has a 1-year low of $150.56 and a 1-year high of $241.10.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.13). The company had revenue of $279.80 million for the quarter, compared to analyst estimates of $272.70 million. Fair Isaac had a net margin of 13.79% and a return on equity of 45.11%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 earnings per share. On average, sell-side analysts predict that Fair Isaac Co. will post 4.89 EPS for the current year.

In other Fair Isaac news, insider James M. Wehmann sold 10,000 shares of Fair Isaac stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $214.09, for a total transaction of $2,140,900.00. Following the sale, the insider now directly owns 99,726 shares of the company’s stock, valued at $21,350,339.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James M. Wehmann sold 20,000 shares of Fair Isaac stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $235.63, for a total value of $4,712,600.00. Following the sale, the insider now directly owns 109,726 shares in the company, valued at $25,854,737.38. The disclosure for this sale can be found here. Insiders have sold 115,868 shares of company stock worth $25,252,220 over the last ninety days. Company insiders own 5.60% of the company’s stock.

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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.

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

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