King Luther Capital Management Corp trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 26.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,920 shares of the technology company’s stock after selling 5,670 shares during the quarter. King Luther Capital Management Corp owned approximately 0.05% of Fair Isaac worth $3,639,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. First Hawaiian Bank acquired a new position in Fair Isaac in the 3rd quarter valued at $155,000. Flagship Harbor Advisors LLC acquired a new position in Fair Isaac in the 2nd quarter valued at $192,000. Meridian Investment Counsel Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at $203,000. Bowling Portfolio Management LLC acquired a new position in Fair Isaac in the 2nd quarter valued at $204,000. Finally, Commonwealth Equity Services LLC acquired a new position in Fair Isaac in the 2nd quarter valued at $205,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.
In other Fair Isaac news, insider James M. Wehmann sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $235.63, for a total transaction of $4,712,600.00. Following the sale, the insider now directly owns 109,726 shares in the company, valued at approximately $25,854,737.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stuart Wells sold 10,500 shares of the business’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $230.03, for a total transaction of $2,415,315.00. Following the sale, the insider now owns 49,271 shares in the company, valued at $11,333,808.13. The disclosure for this sale can be found here. Insiders have sold a total of 112,979 shares of company stock worth $23,493,316 over the last 90 days. Insiders own 5.60% of the company’s stock.
Shares of NYSE FICO opened at $182.41 on Friday. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 42.03, a P/E/G ratio of 3.90 and a beta of 1.43. Fair Isaac Co. has a one year low of $152.46 and a one year high of $241.10. 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 issued its earnings results on Thursday, November 1st. The technology company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.13). The company had revenue of $279.80 million for 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%. Fair Isaac’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. Analysts forecast that Fair Isaac Co. will post 4.89 EPS for the current year.
Several brokerages have issued reports on FICO. Zacks Investment Research cut shares of Fair Isaac from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Barclays boosted their price objective on shares of Fair Isaac to $200.00 in a research note on Sunday, December 2nd. Wells Fargo & Co set a $250.00 price objective on shares of Fair Isaac and gave the company a “buy” rating in a research note on Sunday, November 4th. Finally, ValuEngine cut shares of Fair Isaac from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. 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 company. Fair Isaac currently has a consensus rating of “Hold” and an average price target of $208.50.
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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