Virtu Financial LLC increased its position in Fair Isaac Co. (NYSE:FICO) by 79.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,109 shares of the technology company’s stock after acquiring an additional 1,374 shares during the quarter. Virtu Financial LLC’s holdings in Fair Isaac were worth $711,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. First Hawaiian Bank purchased a new stake in Fair Isaac during the 3rd quarter valued at approximately $155,000. Raymond James Trust N.A. purchased a new stake in Fair Isaac during the 3rd quarter valued at approximately $212,000. Flagship Harbor Advisors LLC purchased a new stake in Fair Isaac during the 2nd quarter valued at approximately $192,000. CIBC Asset Management Inc purchased a new stake in Fair Isaac during the 3rd quarter valued at approximately $234,000. Finally, Meridian Investment Counsel Inc. purchased a new stake in Fair Isaac during the 2nd quarter valued at approximately $203,000. 83.95% of the stock is owned by institutional investors.
Shares of FICO opened at $192.56 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.01. Fair Isaac Co. has a 1 year low of $152.46 and a 1 year high of $241.10. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 44.37, a P/E/G ratio of 3.94 and a beta of 1.43.
Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, November 1st. The technology company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.13). The firm had revenue of $279.80 million for the quarter, compared to the consensus estimate 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 was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.65 earnings per share. Analysts forecast that Fair Isaac Co. will post 4.89 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Fair Isaac from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Barclays increased their price objective on shares of Fair Isaac to $200.00 in a report on Sunday. Wells Fargo & Co set a $250.00 price objective on shares of Fair Isaac and gave the company a “buy” rating in a report on Sunday, November 4th. Finally, ValuEngine lowered shares of Fair Isaac from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $208.50.
In other news, insider James M. Wehmann sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $235.63, for a total transaction of $4,712,600.00. Following the completion of the transaction, the insider now directly owns 109,726 shares in the company, valued at approximately $25,854,737.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stuart Wells sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $179.57, for a total value of $1,795,700.00. Following the transaction, the insider now owns 48,771 shares of the company’s stock, valued at $8,757,808.47. The disclosure for this sale can be found here. Insiders have sold a total of 102,979 shares of company stock valued at $21,529,016 over the last quarter. Corporate 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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