Public Employees Retirement Association of Colorado decreased its position in shares of Fair Isaac Co. (NYSE:FICO) by 13.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,757 shares of the technology company’s stock after selling 10,345 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.22% of Fair Isaac worth $20,335,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Macquarie Group Ltd. increased its holdings in shares of Fair Isaac by 843.8% in the fourth quarter. Macquarie Group Ltd. now owns 151 shares of the technology company’s stock worth $28,000 after buying an additional 135 shares during the period. Toronto Dominion Bank purchased a new position in shares of Fair Isaac in the first quarter worth about $54,000. Machina Capital S.A.S. purchased a new position in shares of Fair Isaac in the second quarter worth about $81,000. Cleararc Capital Inc. purchased a new position in shares of Fair Isaac in the first quarter worth about $203,000. Finally, Cigna Investments Inc. New purchased a new position in shares of Fair Isaac in the first quarter worth about $223,000. Institutional investors and hedge funds own 84.57% of the company’s stock.
In related news, CFO Michael J. Pung sold 7,996 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $308.03, for a total value of $2,463,007.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the insider now directly owns 282,557 shares of the company’s stock, valued at approximately $85,363,295.27. The disclosure for this sale can be found here. Insiders sold a total of 83,238 shares of company stock valued at $27,696,879 over the last 90 days. 6.10% of the stock is currently owned by company insiders.
Several research analysts have recently commented on the company. Wells Fargo & Co lifted their price objective on Fair Isaac from $310.00 to $415.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 3rd.
FICO traded down $29.43 during mid-day trading on Wednesday, reaching $328.47. 172,241 shares of the company traded hands, compared to its average volume of 221,735. The firm has a market cap of $10.55 billion, a PE ratio of 75.68 and a beta of 1.20. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average is $340.29. Fair Isaac Co. has a 52-week low of $170.26 and a 52-week high of $371.81.
Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.26 by $1.24. The firm had revenue of $314.20 million during the quarter, compared to analyst estimates of $292.88 million. Fair Isaac had a return on equity of 63.47% and a net margin of 16.57%. Fair Isaac’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 EPS. On average, research analysts forecast that Fair Isaac Co. will post 4.92 earnings per share for the current year.
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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