First Republic Investment Management Inc. lowered its stake in shares of Fair Isaac Co. (NYSE:FICO) by 10.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,645 shares of the technology company’s stock after selling 185 shares during the quarter. First Republic Investment Management Inc.’s holdings in Fair Isaac were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jennison Associates LLC bought a new position in Fair Isaac during the second quarter valued at approximately $686,000. Advisors Preferred LLC purchased a new position in Fair Isaac during the second quarter valued at $71,000. Enlightenment Research LLC purchased a new position in Fair Isaac during the second quarter valued at $587,000. Price Capital Management Inc. purchased a new position in Fair Isaac during the second quarter valued at $253,000. Finally, State Board of Administration of Florida Retirement System grew its stake in Fair Isaac by 37.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 44,723 shares of the technology company’s stock valued at $14,044,000 after acquiring an additional 12,181 shares in the last quarter. Institutional investors own 82.90% of the company’s stock.
Shares of FICO traded down $3.92 during trading hours on Friday, hitting $309.34. The stock had a trading volume of 312,056 shares, compared to its average volume of 230,258. Fair Isaac Co. has a fifty-two week low of $170.26 and a fifty-two week high of $373.24. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 71.28 and a beta of 1.22. The firm has a 50-day moving average price of $351.05 and a 200 day moving average price of $304.95. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.95 and a current ratio of 0.95.
Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 31st. The technology company reported $2.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $1.24. Fair Isaac had a net margin of 16.57% and a return on equity of 63.47%. The business had revenue of $314.20 million during the quarter, compared to analyst estimates of $292.88 million. During the same quarter in the prior year, the firm earned $1.51 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, analysts predict that Fair Isaac Co. will post 5.9 EPS for the current fiscal year.
In related news, VP Michael J. Pung sold 7,996 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $365.62, for a total value of $2,923,497.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO William J. Lansing sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $360.92, for a total transaction of $5,774,720.00. Following the completion of the sale, the chief executive officer now directly owns 282,557 shares in the company, valued at approximately $101,980,472.44. The disclosure for this sale can be found here. Insiders sold 136,884 shares of company stock worth $47,899,077 in the last ninety days. 6.10% of the stock is currently owned by corporate insiders.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Wells Fargo & Co raised their target price on shares of Fair Isaac from $310.00 to $415.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st.
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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