Canada Pension Plan Investment Board decreased its position in Fair Isaac Co. (NYSE:FICO) by 26.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,400 shares of the technology company’s stock after selling 18,800 shares during the period. Canada Pension Plan Investment Board owned approximately 0.18% of Fair Isaac worth $16,769,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in FICO. Geode Capital Management LLC increased its holdings in shares of Fair Isaac by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 294,328 shares of the technology company’s stock worth $55,039,000 after purchasing an additional 19,598 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in Fair Isaac by 6.8% in the 1st quarter. First Republic Investment Management Inc. now owns 1,830 shares of the technology company’s stock worth $497,000 after buying an additional 117 shares in the last quarter. Alps Advisors Inc. bought a new stake in Fair Isaac in the 1st quarter worth about $426,000. Crossmark Global Holdings Inc. increased its holdings in Fair Isaac by 16.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,721 shares of the technology company’s stock worth $1,011,000 after buying an additional 513 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Fair Isaac by 0.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,542 shares of the technology company’s stock worth $8,839,000 after buying an additional 180 shares during the last quarter. Institutional investors own 82.90% of the company’s stock.
In other news, insider Richard Deal sold 18,057 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $350.79, for a total value of $6,334,215.03. Following the transaction, the insider now owns 56,051 shares in the company, valued at approximately $19,662,130.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael J. Pung sold 7,996 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $365.62, for a total transaction of $2,923,497.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,880 shares of company stock valued at $50,362,085. 6.10% of the stock is owned by company insiders.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Wells Fargo & Co lifted their price target on shares of Fair Isaac from $310.00 to $415.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st.
NYSE:FICO opened at $326.20 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.25. Fair Isaac Co. has a 12 month low of $170.26 and a 12 month high of $373.24. The company has a market cap of $10.09 billion, a PE ratio of 75.16 and a beta of 1.22. The company has a 50 day simple moving average of $351.41 and a two-hundred day simple moving average of $304.60.
Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.26 by $1.24. The firm had revenue of $314.20 million for the quarter, compared to analysts’ expectations of $292.88 million. Fair Isaac had a return on equity of 63.47% and a net margin of 16.57%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 EPS. Research analysts forecast that Fair Isaac Co. will post 5.9 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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