United Services Automobile Association raised its holdings in Fair Isaac Co. (NYSE:FICO) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,108 shares of the technology company’s stock after buying an additional 645 shares during the quarter. United Services Automobile Association’s holdings in Fair Isaac were worth $1,604,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Swiss National Bank grew its holdings in shares of Fair Isaac by 1.1% in the 1st quarter. Swiss National Bank now owns 52,800 shares of the technology company’s stock worth $14,342,000 after purchasing an additional 600 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of Fair Isaac in the 1st quarter worth about $435,000. OppenheimerFunds Inc. grew its holdings in shares of Fair Isaac by 7.0% in the 1st quarter. OppenheimerFunds Inc. now owns 106,972 shares of the technology company’s stock worth $29,057,000 after purchasing an additional 6,972 shares during the last quarter. Tyers Asset Management LLC grew its holdings in shares of Fair Isaac by 13.5% in the 1st quarter. Tyers Asset Management LLC now owns 3,760 shares of the technology company’s stock worth $1,021,000 after purchasing an additional 448 shares during the last quarter. Finally, Oribel Capital Management LP bought a new stake in shares of Fair Isaac in the 1st quarter worth about $5,595,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:FICO opened at $300.72 on Wednesday. Fair Isaac Co. has a 12 month low of $170.26 and a 12 month high of $373.24. The company’s 50-day moving average price is $329.08 and its two-hundred day moving average price is $312.21. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.25. The firm has a market cap of $8.97 billion, a P/E ratio of 69.29 and a beta of 1.17.
Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $1.24. Fair Isaac had a net margin of 16.57% and a return on equity of 63.47%. The firm had revenue of $314.20 million for the quarter, compared to analyst estimates of $292.88 million. During the same quarter in the prior year, the firm earned $1.51 EPS. The company’s revenue was up 23.2% on a year-over-year basis. As a group, equities analysts predict that Fair Isaac Co. will post 5.9 earnings per share for the current fiscal year.
In other Fair Isaac news, VP Michael J. Pung sold 7,996 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $365.62, for a total transaction of $2,923,497.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Michael S. Leonard sold 1,038 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $347.67, for a total transaction of $360,881.46. Following the transaction, the chief accounting officer now owns 7,579 shares in the company, valued at $2,634,990.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,888 shares of company stock worth $44,880,676. Insiders own 6.10% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Wells Fargo & Co upped their target price on shares of Fair Isaac from $310.00 to $415.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, ValuEngine lowered shares of Fair Isaac from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.
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.
Read More: Cost of Goods Sold (COGS)
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