Bank of New York Mellon Corp trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 12.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 384,146 shares of the technology company’s stock after selling 52,310 shares during the quarter. Bank of New York Mellon Corp’s holdings in Fair Isaac were worth $71,836,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. IFP Advisors Inc increased its position in Fair Isaac by 40.2% in the 4th quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock valued at $49,000 after buying an additional 76 shares in the last quarter. Arizona State Retirement System increased its position in Fair Isaac by 0.4% in the 4th quarter. Arizona State Retirement System now owns 20,782 shares of the technology company’s stock valued at $3,886,000 after buying an additional 88 shares in the last quarter. Comerica Bank increased its position in Fair Isaac by 1.3% in the 4th quarter. Comerica Bank now owns 18,762 shares of the technology company’s stock valued at $4,025,000 after buying an additional 234 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Fair Isaac by 1.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 24,626 shares of the technology company’s stock valued at $5,632,000 after buying an additional 280 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Fair Isaac by 15.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,112 shares of the technology company’s stock valued at $395,000 after buying an additional 282 shares in the last quarter. 82.66% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the company. Zacks Investment Research lowered Fair Isaac from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Barclays boosted their price objective on Fair Isaac to $200.00 in a report on Sunday, December 2nd. Finally, ValuEngine raised Fair Isaac from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd.
Shares of FICO opened at $261.24 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 60.19, a P/E/G ratio of 5.56 and a beta of 1.42. Fair Isaac Co. has a 52 week low of $162.58 and a 52 week high of $261.45.
Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.03. The firm had revenue of $262.30 million during the quarter, compared to analyst estimates of $263.93 million. Fair Isaac had a return on equity of 46.97% and a net margin of 14.64%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 EPS. Analysts expect that Fair Isaac Co. will post 4.62 EPS for the current year.
In other news, insider James M. Wehmann sold 7,996 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $185.43, for a total value of $1,482,698.28. Following the completion of the transaction, the insider now directly owns 115,384 shares of the company’s stock, valued at $21,395,655.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Pung sold 7,504 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $252.53, for a total value of $1,894,985.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,443 shares of company stock valued at $17,683,060. 6.10% of the stock is currently owned by corporate insiders.
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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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