Mutual of America Capital Management LLC trimmed its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,985 shares of the technology company’s stock after selling 664 shares during the period. Mutual of America Capital Management LLC owned 0.09% of Fair Isaac worth $5,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Hawaiian Bank acquired a new stake in shares of Fair Isaac during the third quarter worth about $155,000. Flagship Harbor Advisors LLC acquired a new position in Fair Isaac in the 2nd quarter valued at about $192,000. Meridian Investment Counsel Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at about $203,000. Bowling Portfolio Management LLC acquired a new position in Fair Isaac in the 2nd quarter valued at about $204,000. Finally, Commonwealth Equity Services LLC acquired a new position in Fair Isaac in the 2nd quarter valued at about $205,000. 83.95% of the stock is owned by institutional investors.
In other Fair Isaac news, Director A George Battle acquired 5,230 shares of the stock in a transaction on Tuesday, November 13th. The shares were bought at an average price of $190.57 per share, with a total value of $996,681.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stuart Wells sold 10,500 shares of Fair Isaac stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $230.03, for a total value of $2,415,315.00. Following the completion of the sale, the insider now directly owns 49,271 shares in the company, valued at approximately $11,333,808.13. The disclosure for this sale can be found here. Insiders sold a total of 112,979 shares of company stock worth $23,493,316 in the last ninety days. 5.60% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on FICO shares. Barclays boosted their price target on Fair Isaac to $200.00 in a research report on Sunday, December 2nd. Wells Fargo & Co set a $250.00 price target on Fair Isaac and gave the company a “buy” rating in a research report on Sunday, November 4th. ValuEngine cut Fair Isaac from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Finally, Zacks Investment Research cut Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $208.50.
Shares of FICO opened at $182.41 on Friday. Fair Isaac Co. has a twelve month low of $152.46 and a twelve month high of $241.10. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 3.90 and a beta of 1.43. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.80 and a current ratio of 0.80.
Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, November 1st. The technology company reported $1.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.02 by ($0.13). Fair Isaac had a net margin of 13.79% and a return on equity of 45.11%. The business had revenue of $279.80 million during the quarter, compared to analysts’ expectations of $272.70 million. During the same period in the prior year, the firm posted $1.65 EPS. Fair Isaac’s revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts expect that Fair Isaac Co. will post 4.89 EPS for the current year.
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Fair Isaac Company 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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